Cresco Labs, SNDL, and Green Thumb Industries top peers for best value, fastest growth, and best performance, respectively.  ( 20 min )

Professional ethics in the financial services profession can be confusing. Here are some ways to ensure you are getting the best advice.  ( 26 min )

There are more banks owned by Asian Americans than by any other racial group in the U.S. Here are 10 of the most successful ones.  ( 30 min )

Calculating the percentage gain of an investment is easy. Here is what you need to know to determine gain or loss.  ( 23 min )

Term life insurance is a guaranteed life benefit paid to beneficiaries of the insured after death.  ( 28 min )

An inverted market occurs when the near-maturity futures contracts are higher in price than far-maturity futures contracts of the same type.  ( 21 min )

If you received unemployment compensation or a tax refund, you might get Form 1099-G. Find out what it is, why you received one, and more.  ( 25 min )

Daqo New Energy, Rumble, and Tingo Group lead the pack for value, growth, and momentum, respectively.  ( 21 min )

Four major players slice and dice your mortgage in the secondary mortgage market.  ( 22 min )

An innovator and visionary, Steve Jobs' accomplishments can be held along with those of Microsoft’s Bill Gates, Google’s Larry Page, and Sergey Brin.  ( 21 min )

Learn more about Morgan Stanley's operations and how it makes money.  ( 21 min )

Inflation, which has been in retreat for months, barely budged in April as price increases for housing, gas, and vehicles kept the overall rise in the cost of living too high for comfort.  ( 16 min )

As cryptocurrency gains popularity, consider speaking with a financial advisor about potential risks and rewards that come with the investment. Here's what they may say.  ( 27 min )

Many traders are moving to become algorithmic traders but struggle with the coding of their trading robots. Learn here the fundamentals of algorithmic trading.  ( 22 min )

Administered by the Federal Reserve, the Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) is a quarterly survey of domestic institutions and foreign institutions operating in the United States.  ( 20 min )

The Labor Department will release its latest update on consumer inflation and Google will introduce new artificial intelligence technology at its developer conference. Here’s what investors need to know today.  ( 17 min )

Commercial real estate (CRE) loans are becoming expensive and harder to get for landlords, while increasing delinquencies could be a problem for regional banks with disproportionate CRE exposure.  ( 18 min )

An investment time horizon is the time an investment is held until sold. Discover the best investments for short, medium, and long-term investment horizons.  ( 23 min )

Marketing refers to the activities of a company associated with buying, advertising, distributing, or selling a product or service.  ( 29 min )

Cost of goods sold (COGS) is defined as the direct costs attributable to the production of the goods sold in a company.  ( 27 min )

Return on investment (ROI) is a performance measure used to evaluate the efficiency of an investment or compare the efficiency of several investments.  ( 26 min )

Entrepreneurs create new businesses, taking on all the risks and rewards of their company. Learn about entrepreneurship and the challenges facing entrepreneurs.  ( 37 min )

Hoe houden we kunstmatige intelligentie (AI) onder controle? In Brussel wordt al twee jaar gewerkt aan regels die het gebruik van AI in goede banen moeten leiden. Maar het duurt nog even voordat de richtlijnen er zijn, terwijl de ontwikkelingen elkaar in rap tempo opvolgen.  ( 7 min )

Heineken kreeg vorige maand een dwangsom opgelegd omdat het nog blikjes produceerde zonder statiegeld erop. Maar omdat de bierbrouwer zijn productieproces snel aanpaste, hoeft het die dwangsom niet te betalen, meldt inspectiedienst ILT.  ( 3 min )

Drie bedrijven die eiproducten produceren maakten verboden prijsafspraken en kochten zo hun eieren jarenlang extra goedkoop in. Daar zijn kippenboeren de dupe van geweest. De inkopers krijgen nu boetes van toezichthouder ACM (Autoriteit Consument & Markt).  ( 3 min )

Vanaf september 2024 is het mogelijk om in een echt bed te slapen tijdens een lange vliegreis. Luchtvaartmaatschappij Air New Zealand biedt volgend jaar stapelbedden aan waarin passagiers een gedeelte van de vlucht kunnen slapen.  ( 3 min )

Amerikaanse banken hebben in de eerste drie maanden van dit jaar samen 80 miljard dollar (73 miljard euro) winst gemaakt. Dat is een derde meer dan vorig jaar en tevens een record. Dat terwijl er veel onrust in de sector was en inmiddels zelfs drie banken zijn omgevallen.  ( 4 min )

Onderzoekers hebben vorig jaar 51.369 websites met de ernstigste vorm van kindermisbruik gevonden. Dat is een verdubbeling in vergelijking met 2020. Bijna een derde van deze websites staat op Nederlandse servers.  ( 4 min )

Albert Heijn-moederbedrijf Ahold Delhaize zal de prijzen van verschillende producten in de winkels in ons land zo snel mogelijk verlagen als dat mogelijk is. Dirk van den Broek heeft de prijzen van meer dan tweehonderd producten zelfs verlaagd en bevroren.  ( 5 min )

De Europese Commissie heeft fouten gemaakt toen ze de financiële steun goedkeurde voor luchtvaartmaatschappij Lufthansa door de Duitse regering. Dat verklaart het Europees Hof van Justitie woensdag.  ( 3 min )

Onderzoekers hebben vorig jaar 51.369 websites met de ernstigste vorm van kindermisbruik gevonden. Dat is een verdubbeling in vergelijking met 2020. Bijna een derde van deze websites staat op Nederlandse servers.  ( 4 min )

Ahold Delhaize heeft de verkopen in het afgelopen kwartaal zien stijgen. Wel kampt het supermarktconcern met gestegen bedrijfskosten en stakingen.  ( 3 min )

ABN AMRO heeft afgelopen kwartaal geen last gehad van de onrust op de financiële markten. De bank boekte in de eerste drie maanden van dit jaar een forse winst en profiteerde van de opgelopen rente. Daardoor lukte het hogere marges te pakken op spaargeld dat bij de bank werd gestald.  ( 3 min )

Turkije maakt zich op voor mogelijk de cruciaalste verkiezingen sinds de stichting van de republiek honderd jaar geleden. Het land kampt ondertussen met een torenhoge inflatie en tegenvallende economische groei. Het is de vraag of het onorthodoxe beleid van de Turkse president Recep Tayyip Erdogan vruchten afwerpt.  ( 5 min )

Icahn Enterprises said the U.S. Attorney for the Southern District of New York requested information on a range of issues, including valuation and governance.  ( 23 min )

The U.S. Attorney's office of the Southern District of New York reached out to Carl Icahn and Icahn Enterprises a day after Hindenburg Research released a short report on the holding company.  ( 39 min )

Investors who are on the lookout for real estate investment trusts (REITs) that could prosper in the future need to look no further than the recent first-quarter earnings reports that were released last week. Strong earnings often drive increases in share price as well as dividend growth. Therefore, companies with the best operating results stand to do as well or better than other comparable peers. Take a look at three REITs that had sensational first-quarter earnings and are strong candidates t  ( 40 min )

(Bloomberg) -- Icahn Enterprises LP, under pressure from a short seller, fell as much as 20% after disclosing that the US Attorney’s office for the Southern District of New York had reached out seeking information. Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimItaly Intends to Exit China Belt and Road Pact as Ties SourVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseTrump L  ( 39 min )

Advanced Micro Devices, Inc (NASDAQ: AMD) shares are trading higher Wednesday. The positive movement could also be in sympathy with peer chipmakers, as a lot is brewing in the space. Peer chipmaker NVIDIA Corp (NASDAQ: NVDA) is also trading higher on reports of additional orders for AI chips that require Taiwan Semiconductor Manufacturing Company Ltd's (NYSE: TSM) CoWoS (chip on wafer on substrate) packaging. A lso, reports suggest that Nvidia might launch its GeForce RTX 4060-series graphics ca  ( 39 min )

Nationwide retail sales of Budweiser and Bud Light are down both year to date and over the four-week period ended April 29—in contrast to the industry and peers.  ( 22 min )

Companies can allocate their funds in various ways to create shareholder value. But in the eyes of legendary investor Warren Buffett, one method stands out above all others. “If you do it at the right price, there’s nothing better than buying in your own business,” the Berkshire Hathaway CEO said during his company’s annual shareholders meeting in 2022. Buffett was referring to stock buybacks. Basically, a company can repurchase its own shares from the open market, effectively reducing the numbe  ( 41 min )

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Swedish Orphan Biovitrum AB (OTC: BIOVF) has agreed to acquire CTI BioPharma (NASDAQ: CTIC) for $9.10 per share of common stock in an all-cash transaction, representing an implied equity value of approximately $1.7 billion. The transaction price represents an 89% premium to CTI's closing share price on May 9, 2023, and a 95% premium to its 30-trading day volume-weighted average price of $4.67. The transaction will diversify Sobi's portfolio of hematology medicines through CTI's lead product, Von  ( 39 min )

Airbnb told investors the second quarter is turning out to be a "tougher comp" for the company, spooking markets early Wednesday.  ( 40 min )

The videogame platform reports a first-quarter loss that was wider than a year earlier and wider than analysts expected.  ( 25 min )

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No matter what your personal view is on celebrity endorsements, there’s no denying that their support can significantly boost the visibility of a product. That is the point after all in getting a well-known figure in some promotional activities. But what happens when the chosen celebrity happens to be the wrong fit? Well, Anheuser-Busch can tell you all about that. The Bud Light-owner decided to run a promotional push for the beer by bringing on board transgender ‘influencer’ Dylan Mulvaney, who  ( 41 min )

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EU antitrust regulators are set to approve Microsoft Corp's $69 billion acquisition of Activision next week, with May 15 as the likeliest date, people familiar with the matter said. The European Commission's imminent clearance comes nearly three weeks after the UK competition authority blocked the deal, the biggest-ever deal in gaming, over concerns it would hinder competition in cloud gaming. The EU antitrust enforcer is expected to clear the acquisition after Microsoft agreed to licensing deals with cloud streaming rivals including Nvidia, Ukraine's Boosteroid and Japan's Ubitus, other people with direct knowledge of the matter told Reuters in March.  ( 38 min )

Why does a financial advisor get a fee of 1% or more? That seems really high. If my return is only 4% (for example, in dividends), I am giving away 25% of my return, which is even worse with a … Continue reading → The post Ask an Advisor: ‘I Am Giving Away 25% of My Return.' Why Does a Financial Advisor Earn a 1% Fee, Even in a Bear Market? appeared first on SmartAsset Blog.  ( 41 min )

After beginning the year at record levels, global events have caused market volatility to jump and equities to fall. The S&P 500 Index is experiencing its first major correction since 2020, so investors are understandably looking to safeguard their assets. … Continue reading → The post Schwab Says This Can Double Your Retirement Savings appeared first on SmartAsset Blog.  ( 39 min )

If you came into an extra $40,000, how would you use it? It might be tempting to put that money into something instantly gratifying, like a vacation. But for some, it may be wiser to use those funds to invest … Continue reading → The post How to Invest $40,000: 7 Smart Investments appeared first on SmartAsset Blog.  ( 43 min )

It may be a short time in this one media stock for the Oracle of Omaha.  ( 40 min )

A recent study from the career experts Zety says that 40% of respondents fear retirement more than death. And almost nine in 10 responded that their biggest retirement fear is not having enough income. For married couples, planning retirement for two people can … Continue reading → The post Average Retirement Savings for Married Couples By Age appeared first on SmartAsset Blog.  ( 40 min )

U.S. consumer prices increased in April on higher gasoline costs and rents, while underlying inflation remained strong as used motor vehicle prices rebounded, potentially ensuring that the Federal Reserve keeps interest rates elevated for a while. The Consumer Price Index (CPI) rose 0.4% last month after gaining 0.1% in March, the Labor Department said on Wednesday. In the 12 months through April, the CPI increased 4.9% after advancing 5.0% on a year-on-year basis in March.  ( 38 min )

A closely-watched report on US inflation showed that consumer prices remained elevated last month, but cooled slightly compared to March's annual gain.  ( 37 min )

The all-new Ranger pickup will help Ford extend its leadership in the lucrative truck segment around the world.  ( 22 min )

Twilio expects second-quarter revenue of between $980 million and $990 million, which is below analysts' expectations.  ( 22 min )

Carl Icahn's investment firm Icahn Enterprises LP on Wednesday reported a quarterly loss as volatility in markets hit investment returns. Net loss attributable to Icahn Enterprises was $270 million, or 75 cents per depositary unit, for the quarter ended March 31, compared with a profit of $323 million, or $1.06 per depositary unit, a year earlier.  ( 38 min )

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The San Mateo, California-based company, which uses AI to verify and process loans quickly, said it would receive the capital from new and existing partners over the next 12 months, helping the firm navigate an economic slowdown. A sharp drop in demand for new loans because of high interest rates and fears of a slowdown has hammered shares of Upstart, erasing 82% of their value in the past 12 months.  ( 39 min )

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Wednesday's CPI report is  ( 40 min )

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Swedish Orphan Biovitrum will buy CTI for $9.10 a share as it looks to expand its rare hematology portfolio.  ( 22 min )

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(Bloomberg) -- Allkem Ltd. will combine with fellow lithium producer Livent Corp. to create a company with a valuation of $10.6 billion, the latest deal in a sector that’s benefiting from surging EV demand.Most Read from BloombergItaly Intends to Exit China Belt and Road Pact as Ties SourSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionGeorge Santos Faces Cr  ( 40 min )

Shifting travel patterns by consumers in a post-pandemic world are forcing airlines to guess at what is the "new normal" as they seek to adjust by cutting flights, revamping networks and packing even more passengers into planes. Citi analyst Stephen Trent said. Travel demand has also softened on days in the middle of the week, but has strengthened on peak days.  ( 40 min )

Chevron Corp's renewed oil operations in Venezuela begin a new phase next month that will boost production with the goal of accelerating a plan to recover all of the $3 billion of debt owed by the OPEC member by the end of 2025, four people close to the matter said. Washington in November issued a six-month, automatically renewing license to the U.S. oil company to revive largely dormant operations in Venezuela and resume crude exports to the U.S. under an exemption to sanctions on the South American country. To back up its license application, Chevron last year signed an oil-for-debt swap with Venezuela's state-run PDVSA.  ( 40 min )

Australian lithium miner Allkem Ltd has inked an agreement to acquire U.S.-based chemical manufacturing firm Livent Corp in a deal that will create a $10.6 billion entity, the two companies announced on Wednesday. Following the transaction, Allkem will own 56% of the new firm, with the remaining stake going to Livent. Allkem shareholders are set to receive the right to one share of a new public holding company for each existing Allkem share, while Livent shareholders will receive 2.406 shares in the new firm for each existing Livent share.  ( 39 min )

Upstart forecasts revenue and adjusted earnings for the second quarter ahead of analysts' expectations. The company also says it secured long-term funding agreements.  ( 22 min )

(Bloomberg) -- China picked a little-known local government official as the nation’s top regulator overseeing the $61 trillion financial sector, in a surprise move after President Xi Jinping unveiled the biggest overhaul of the nation’s bureaucracy in decades.Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionItaly Intends to Exit China  ( 39 min )

Upstart stock surges after an upbeat outlook and progress on funding, Twilio's revenue forecast misses analysts' expectations, and Airbnb tumbles on cautious second-quarter guidance.  ( 23 min )

(Bloomberg) -- Swedish Orphan Biovitrum AB has agreed to buy bio-pharmaceutical company CTI BioPharma Corp. in a deal valued at $1.7 billion.Most Read from BloombergVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimItaly Intends to Exit China Belt and Road Pact as Relations SourGeorge Santos Faces Criminal Charges by US Justice DepartmentSobi will acquire all  ( 39 min )

China will be the elephant in the room at this week's meeting of Group of Seven (G7) finance leaders, who will seek to diversify supply chains away from the country -- but also try to get Beijing's cooperation in solving global debt problems. The conflicting goals come on top of vulnerabilities the G7 rich democracies face due to their heavily reliance on China, which is the world's second-largest economy and the second biggest external holder of U.S. debt. The heightening risk of a U.S. debt default, which could jolt financial markets already jittery after recent bank failures, will overshadow the three-day meeting kicking off on Thursday in the Japanese city of Niigata.  ( 39 min )

History shows that utilities and other defensive sectors fare best. And investors can scoop up attractive yields on short-term Treasuries.  ( 22 min )

Morgan Stanley has previously warned of the worst earnings recession since 2008 to hit stocks, which could send the S&P 500 tumbling by mid-year.  ( 39 min )

(Bloomberg) -- Hopes for a much-needed boost in Chinese tech shares from earnings is likely to fizzle as signs grow that the the nation’s post Covid recovery is losing steam.Most Read from BloombergVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimItaly Intends to Exit China Belt and Road Pact as Relations SourGeorge Santos Faces Criminal Charges by US Justic  ( 40 min )

Oil prices fell on Wednesday, ending a three-day rally, as an unexpected rise in U.S. oil inventories sparked demand concerns and investors awaited U.S. inflation data to gauge the next rate decision in the top oil consuming nation. Brent crude dropped 69 cents, or 0.9%, to $76.75 a barrel at 0643 GMT, while U.S. West Texas Intermediate (WTI) crude fell 67 cents, or 0.9%, to $73.04. In a possible sign of weakening demand, U.S. crude inventories rose by about 3.6 million barrels in the week ended May 5, while gasoline stockpiles rose by 399,000 barrels, the American Petroleum Institute reported on Tuesday according to market sources.  ( 39 min )

(Bloomberg) -- Coupang Inc., the South Korean e-commerce giant backed by SoftBank Group Corp., reported better-than-expected revenue growth after spending to expand and lock in customer demand during an online shopping slowdown. Most Read from BloombergVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollItaly Intends to Exit China Belt and Road Pact as Relations SourSteve Schwarzman Holds Off Giving Money to DeSantis After Meeti  ( 40 min )

The Labor Department will release its latest update on consumer inflation and Google will introduce new artificial intelligence technology at its developer conference. Here’s what investors need to know today.  ( 1 min )

Markets fell on May 9, 2023, as discussions over lifting the U.S. debt ceiling took place and ahead of fresh inflation numbers.  ( 1 min )

Earnings before interest and taxes (EBIT) indicate a company's profitability and are calculated as revenue minus expenses, excluding taxes and interest expenses.  ( 25 min )

Markets fell on May 9, 2023, as discussions over lifting the U.S. debt ceiling took place and ahead of fresh inflation numbers.  ( 16 min )

Intel leads the Dow lower with layoff announcements, but Boeing’s big deal provides promise for more production from the aircraft maker.  ( 17 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 17 min )

American homebuyer confidence rose by the most in two years this April, according to Fannie Mae data, as many would-be buyers expect mortgage rates to decline over the next year.  ( 17 min )

Goldman Sachs, Deloitte, Cboe Global Markets, Microsoft (MSFT) and fintech firm Digital Asset have teamed up to create a blockchain network for institutional crypto assets.  ( 17 min )

Most mortgage averages moved moderately higher, with the 30-year average again flirting with the 7% threshold, and jumbo 30-year rates jumping to a 12-year peak.  ( 19 min )

A fully indexed interest rate is defined as an adjustable interest rate which is pegged at a set margin above some reference rate, such as LIBOR.  ( 20 min )

Learn how to approximate the effective convexity of bonds using Microsoft Excel with a modified and simpler version of the standard convexity formula.  ( 18 min )

Crypto exchange seeks Chapter 11 protection after losing half its active users in wake of shutdown of U.S. operations.  ( 17 min )

SEC Form DEFM14A is a form filed with the SEC by a registrant when a shareholder vote is required on an issue related to a merger or acquisition.  ( 19 min )

A transfer agent keeps records of who owns a publicly traded company's stocks and bonds. They also ensure investors receive dividends on time.  ( 24 min )

There are three legally mandated reasons why a broker needs your personal information: suitability, record-keeping, and AML regulation.  ( 22 min )

Sam Bankman Fried urged a U.S. district court in Manhattan to dismiss charges against him, alleging that FTX debtors are working with the U.S. government against him.  ( 16 min )

An intermarket spread involves purchasing long futures in one market and selling short futures of a related commodity with the same expiration.  ( 19 min )

By asking the right questions, listening, and building trust, investors and their financial advisors can get the most out of their relationship.  ( 21 min )

Direct participation programs, a new alternative investment class, are gaining steam. Here's what advisors and investors need to know.  ( 19 min )

Form 4506 is an IRS document that is used to request exact copies of prior years' tax returns.  ( 25 min )

The rule of 72 is a mathematical shortcut used to predict when a population, investment, or other category will double in size for a given rate of growth.  ( 20 min )

Filing for bankruptcy may not be ideal, but it's sometimes the best option when you have unmanageable debt. Learn how bankruptcy works and when to declare bankruptcy.  ( 27 min )

Unlike banks, credit unions often have membership criteria. Find out how to determine whether a credit union would be a good fit for you and what it takes to join one.  ( 23 min )

Buying or selling a home can be the most major financial transaction of your life. Here's how to choose the right real estate broker or agent.  ( 25 min )

A co-signer can help you secure a loan, but eventually, it will be time to strike out on your own. Learn how to release a student loan co-signer from their obligation to your loan.  ( 21 min )

"Fabless company” refers to a company that designs and markets hardware while outsourcing the manufacturing of that hardware to a third-party partner.  ( 19 min )

A deductible is what you pay before a car insurance company provides coverage for damage or loss. Learn how deductibles in car insurance work.  ( 22 min )

The Comptroller General is a high-ranking accounting position in the U.S. government who sets and oversees accounting policy.  ( 19 min )

These are the Russell 3000 stocks with the highest forward dividend yield for May.  ( 23 min )

President Biden will meet with Congressional leaders to try and resolve raising the nation's debt limit to avoid default. Here’s what investors need to know today.  ( 17 min )

Want to make a good living taking on those renegade trading rascals on Wall Street? Here are some tips to help you get in the door at the SEC.  ( 23 min )

Discover the elements that define Facebook, whose over 2 billion monthly active users cement the company as the world's top social media outlet.  ( 21 min )

WASHINGTON (Reuters) -Wall Street executives who have advised the U.S. Treasury's debt operations for the past 25 years warned on Tuesday they are "deeply concerned" about the debt limit impasse that has markets worried about a U.S. default on payment obligations. The 18 current and former chairs and vice chairs of the Treasury Borrowing Advisory Committee (TBAC) since 1998 said in a letter to Treasury Secretary Janet Yellen, "Any delay in making an interest or principal payment by Treasury would be an event of seismic proportions, not only for financial markets but also the real economy." The advisers said the standoff between Republicans and Democrats in Congress and the White House has already raised taxpayer borrowing costs through weak Treasury auctions and high yields for short-dated Treasury Bills, while ratings agencies are already publishing analyses of potential U.S. ratings downgrades.  ( 38 min )

"This year, our focus really is to execute," Plug Power chief executive Andy Marsh told analysts Tuesday. "Our primary goal is to achieve revenue of $1.4 billion."  ( 14 min )

The 'buy now, pay later' company posted a loss of $205.7 million, or 69 cents a share, for the quarter, topping expectations by analysts surveyed by FactSet.  ( 25 min )

Bay Area bankers are pulling in the reins on lending, some even before the March 10th collapse of Silicon Valley Bank  ( 15 min )

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(Bloomberg) -- Occidental Petroleum Corp. redeemed $647 million, or about 6.5%, of Berkshire Hathaway Inc.’s preferred stock as the oil company begins paying back Warren Buffett four years after he helped finance its acquisition of Anadarko Petroleum Corp. Most Read from BloombergVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimItaly Intends to Exit China Be  ( 39 min )

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Nvidia Corp (NASDAQ: NVDA) shares are trading lower Tuesday as Advanced Micro Devices, Inc (NASDAQ: AMD) shared plans to showcase its growth strategy and expanding product portfolio and capabilities for data center and AI at a June 13 livestreaming event. AMD Chair and CEO Dr. Lisa Su will detail new products and momentum across data center, AI, adaptive, and high-performance computing solutions. Also, Monday reports suggested that U.S. sanctions compelled the Chinese firms, including Alibaba Gr  ( 38 min )

Just a few weeks after reporting its fifth consecutive quarter of falling sales and the second consecutive quarter of losses which was also the largest loss in its history, Intel Corporation (NASDAQ: INTC) is the latest to announce a new round of job cuts, joining Meta Platforms (NASDAQ: META), Alphabet Inc (NASDAQ: GOOG)(GOOGL) and other tech giants who took a hit to their bottom lines and also opted to trim their workforce in response to poor macroeconomic conditions. But, Intel still believes  ( 40 min )

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By Exec Edge Editorial Staff Dutch Bros Inc. (NYSE: BROS) coffee chain reported a 30% rise in first quarter sales and reiterated its full-year guidance. Joth Ricci, Chief Executive Officer of Dutch Bros, stated, “We also saw meaningful margin expansion, driven by significant improvements in labor efficiency and G&A leverage. We doubled down in our […]  ( 38 min )

Tuesday evening, Rivian reported a per-share loss of $1.77 from $661 million in sales. Wall Street was looking for a loss of $1.62 a share from about $664 million in sales.  ( 22 min )

Akamai's first-quarter results topped guidance, and the second-quarter outlook topped previous Wall Street estimates.  ( 22 min )

Oil and gas producer Occidental Petroleum Corp's first-quarter profit missed analysts' estimates on Tuesday, as oil prices eased amid concerns of a slowdown in global economic growth. Global oil prices pulled back during the reported quarter from the peaks reached last year following Russia's invasion of Ukraine. Brent crude averaged $81.24 a barrel in the first three months of 2023, 20% lower than year-ago levels as concerns rose over the health of the global economy amid the recent banking crisis in the U.S. and China's weaker-than-estimated economic recovery.  ( 38 min )

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Oil and gas producer Occidental Petroleum Corp's first-quarter profit missed analysts' estimates on Tuesday, as oil prices eased amid concerns of a slowdown in global economic growth The Houston-based company posted adjusted earnings of $1.09 per share for the quarter, compared with analysts' estimates of $1.24 per share, according to Refinitiv data.  ( 38 min )

(Bloomberg) -- In a market where conflicting views abound, two major Wall Street trading desks agree on one thing: US stocks will rally on any soft inflation print Wednesday that could pave the way for the Federal Reserve to halt its tightening campaign.Most Read from BloombergVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionGoldman to Pay $215 Million to End Case on Underpaying WomenTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollItaly Intends to Exit China Belt and Road  ( 40 min )

The company expects production ramp up of its in-house Enduro powertrains to help offset parts supply issues in the second half of the year, enabling it to meet its smaller-than-estimated target of manufacturing 50,000 units. Tesla Inc has cut prices globally this year as part of its recession playbook to increase sales volumes, pressuring smaller EV players that started deliveries just about a year ago. Amazon-backed Rivian said in March it would sell $1.3 billion in convertible green bonds due in 2029 to shore up its cash balance.  ( 38 min )

Airbnb is set to report earnings Tuesday.  ( 39 min )

Advanced Micro Devices, Inc (NASDAQ: AMD) shares are trading lower Tuesday as it shared plans to showcase its growth strategy and expand product portfolio and capabilities for data center and AI at a June 13 livestream event. AMD Chair and CEO Dr. Lisa Su will join other AMD executives and key customers to detail new products and momentum across data center, AI, adaptive, and high-performance computing solutions. Recent reports claimed Microsoft Corp (NASDAQ: MSFT) denied a partnership with the  ( 38 min )

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The stock, last trading at $66.45, was set to record its lowest closing price since October 2017. PayPal late on Monday estimated adjusted operating margin expansion of 100 basis points this year, compared with its earlier forecast of 125-basis-point growth. PayPal said in January it was cutting 7% of its workforce, or about 2,000 employees, joining several technology companies that have eliminated thousands of jobs this year.  ( 38 min )

Advanced Micro Devices, Inc. (AMD) keep pressing higher in 2023, jumping 47%. One chart tells the story: big appetite for the shares.  ( 39 min )

A Delaware judge on Tuesday dismissed a shareholder class action seeking to hold Jack Dorsey and other board members at Block Inc liable for approving the payments company's purchase of Jay-Z's streaming service Tidal. Chancellor Kathaleen McCormick in Delaware Chancery Court said the Florida pension fund leading the case did not show that Block's directors acted in bad faith though the purchase it "seemed, by all accounts, a terrible business decision." Once known as Square, Block agreed in March 2021 to pay $306 million for an 87.5% stake in Tidal.  ( 39 min )

Insider's Phil Rosen dives into the housing market and what declining new home listing means for buyers and sellers.  ( 39 min )

Yields on one- and two-month US Treasurys have spiked recently, with Congress struggling to end the debt-ceiling deadlock.  ( 38 min )

The 60/40 portfolio is a staple among savvy investors. Made up of 60% stocks and 40% bonds, it tends to deliver solid returns while attenuating risk. But after the 60/40 portfolio's dismal 2022 returns, investors can't be blamed if they're … Continue reading → The post The 60/40 Portfolio: Alive, Dead or Somewhere In Between? appeared first on SmartAsset Blog.  ( 39 min )

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The payments company expects Braintree, its unbranded payment-processing business, to drive more growth.  ( 22 min )

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(Bloomberg) -- Oil pared losses after the Biden administration announced it was canceling some 140 million barrels of previously mandated sales and would begin replenishing strategic reserves later this year.Most Read from BloombergVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionGoldman to Pay $215 Million to End Case on Underpaying WomenItaly Intends to Exit China Belt and Road Pact as Relations SourWorld’s Biggest Pulp Producer Considers Trading With China in YuanStocks Bogged Do  ( 38 min )

How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can give your son and daughter-in-law each $17,000 without having to deal with the IRS. But even … Continue reading → The post Ask an Advisor: I Want to Give Money to My Son and Daughter-in-Law. How Much Money Can I Give Away Without ‘Incurring a Tax Issue With the IRS?' appeared first on SmartAsset Blog.  ( 41 min )

PayPal’s A.I. pitch hits at the core of the current moment in the tech industry, with layoffs mounting and one of the sector’s largest players, Meta Platforms, touting a "Year of Efficiency.”  ( 40 min )

PayPal stock, down more than 11% in midday trading, was weighing on the Nasdaq Composite Tuesday. PayPal (ticker: PYPL) reported first-quarter sales and earnings per share that beat expectations, but the company said that its profit margin will expand at a slower pace than previously expected. That  ( 22 min )

Cash usage, production, and demand will be in focus. The first-quarter earnings season for electric-vehicle start-ups has been downbeat so far.  ( 22 min )

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Rivian will be the next pure-play electric vehicle maker on the earnings docket when it reports Q1 financial results after the bell on Tuesday. With rivals Lucid and Fisker weighing on the sector today, investors will be hoping Rivian can deliver some good news for the cash-intensive, and struggling sector.  ( 39 min )

Online retailer looks to cut delivery costs.  ( 39 min )

Investors will turn their attention to critical data that will help determine the future of Federal Reserve policy: the April inflation report.  ( 39 min )

(Bloomberg) -- Saudi Aramco already shells out a dividend that’s worth more than payouts from the next five largest global payers combined. That gap is now set to widen.The firm’s payouts to the Saudi government and other investors — $75.8 billion last year and the highest of any listed firm — could increase by more than $20 billion in 2023, according to Bloomberg Intelligence. That extra payout alone would be equivalent to Microsoft Corp.’s estimated annual dividend. And while Apple Inc. may be  ( 38 min )

Not so long ago, those keeping a tab on the trends of the 21st century had touted data as ‘the new oil.’ But now, Elon Musk has presented an alternative perspective, stating that lithium batteries should be considered as ‘the new oil.’ In fact, taking the analogy to its logical conclusion, on Monday, Musk was in oil-rich Texas to break ground on a lithium refinery Tesla intends to construct in Corpus Christi. The EV leader plans on splashing out $375 million on the facility so it can produce mor  ( 42 min )

Our investments were $450,000 and are now $250,000. How much do I lose before I cash in investments? -Liz I'm sorry that you've experienced such a significant financial loss. I know that can be stressful and scary as you wonder whether … Continue reading → The post Ask an Advisor: Our Investment Portfolio Fell From $450K to $250K. Should I Cash in My Investments? appeared first on SmartAsset Blog.  ( 40 min )

Nikola reported lower-than-expected sales, and the maker of electric and fuel-cell trucks announced a strategic change Tuesday morning.  ( 22 min )

Novavax is cutting about a quarter of its workforce as the COVID-19 vaccine maker seeks to slash expenses while dealing with uncertain future revenue. The company said Tuesday that it expects to trim next year’s costs for research and development as well as selling, general and administrative expenses by about 40% to 50% compared to 2022. Novavax’s protein-based vaccine debuted long after alternatives from companies like Pfizer, Moderna and Johnson & Johnson had reached the market.  ( 39 min )

Nikola will get $35 million in cash and 20.6 million of its shares from ending a joint venture with Europe’s Iveco Group, but ties remain. The post Nikola cashes out European JV and refocuses on fuel cells at home appeared first on FreightWaves.  ( 40 min )

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Social Security benefits can provide you with a stream of retirement income that is reliable. Deciding when to take benefits is an important question, especially if you're married and hope to qualify for spousal benefits. If you're already taking Social … Continue reading → The post Rules for Switching Social Security Benefits appeared first on SmartAsset Blog.  ( 41 min )

Medicaid can pay for long-term care if you meet its means-testing restrictions. The federal-state program is designed to help only people of limited financial means. However, people with more substantial assets can use three different strategies to shield those assets … Continue reading → The post 3 Ways to Protect Assets from Medicaid appeared first on SmartAsset Blog.  ( 40 min )

Let's say you want to retire early, at age 55. Is $5 million enough to achieve your goal? While the cost of living varies from place to place, a nest egg this size would likely give more than enough money for … Continue reading → The post Is $5 Million Enough to Retire at 55? appeared first on SmartAsset Blog.  ( 40 min )

Buying the most hated stocks on Wall Street isn't always a bad idea. Here are 19 disliked stocks to consider.  ( 22 min )

Debt ceiling standoffs have negatively impacted markets in the past. Due to the lack of urgency, they don’t usually weigh on stocks until the projected default day is within two weeks, according to Bank of America.  ( 40 min )

The funds aren’t completely risk-free right now because Congress hasn’t raised or suspended the nation's roughly $31 trillion debt ceiling.  ( 25 min )

The hydrogen fuel-cell technology company lost 35 cents a share in the first quarter, while Wall Street had expected a loss of 26 cents.  ( 22 min )

Investors have focused at cash reserves at Nikola and other EV makers amid fears that slowing sales could push the companies to pursue more share sales to raise funds. "At the end of May, we plan to pause truck production as we convert the line to accommodate both hydrogen fuel cell and battery electric trucks on the same line and will resume production in July with the first saleable hydrogen fuel cell trucks," Nikola said.  ( 38 min )

The electric-vehicle charging company lost 18 cents a share from $25.3 million in sales. Wall Street expected a 19-cent loss from $27.3 million in sales.  ( 25 min )

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The sportswear company reported fiscal fourth-quarter earnings of 18 cents a share on revenue of $1.4 billion. Wall Street was looking for 15 cents on $1.36 billion.  ( 22 min )

(Bloomberg) -- PacWest Bancorp shares fell on Tuesday, leading some peers lower in early trading as the hard-hit regional bank stock resumed its decline. Most Read from BloombergGoldman to Pay $215 Million to End Case on Underpaying WomenPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebatePolice Raid Consulting Firm as China Starts Anti-Spy CampaignVanguard’s Trillion-Dollar Man Leads a Fixed-Income R  ( 39 min )

These are the Russell 3000 stocks with the highest forward dividend yield for May.  ( 24 min )

The Covid-19 vaccine manufacturer is aiming to sharply reduce costs as it hopes to bring new shots to the market.  ( 26 min )

The Texas plant will make the electric vehicles manufacturer the only North American car maker to refine its own lithium.  ( 25 min )

Fisker expects to produce 32,000 to 36,000 vehicles in 2023, below its previous guidance.  ( 22 min )

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The California-based company now expects between 32,000 and 36,000 units to be produced in 2023, compared with its previous target of 42,400 cars. For the second quarter, the company expects to produce between 1,400 and 1,700 vehicles.  ( 38 min )

PacWest dropped 13.6%, a day after the Los Angeles-based lender's decision to cut its quarterly dividend failed to stem worries about its financial stability. The KBW Regional Banking Index had last week touched 30-month lows after the collapse of First Republic Bank and PacWest's decision to exploring strategic options. PacWest and Western Alliance, which have been at the heart of the banking selloff, saw the steepest decline in deposits in the first quarter after First Republic, according to S&P Global Market Intelligence data.  ( 39 min )

The company, which had earlier flagged significant uncertainty around generating revenue for the year, said it expects total annual revenue between $1.4 billion and $1.6 billion, relying on a timely launch of its updated COVID shot. Separately, Novavax said its COVID/flu combination shot was safe and well-tolerated in a mid-stage study, sending shares of the company up 9% before the bell. Global regulators expect COVID vaccination campaigns to be conducted once a year, similar to annual flu inoculations.  ( 38 min )

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PacWest's decision to slash its quarterly dividend sent shivers through lenders.  ( 23 min )

Walt Disney Co and Florida Governor Ron DeSantis have been embroiled in an increasingly bitter dispute, starting when the company criticized a Florida law last year, which has led to dueling lawsuits. The entertainment giant sued the Republican governor on April 26 in federal court, claiming he was "weaponizing" state government in retaliation for the company's criticism of a law that banned classroom discussion of sexuality and gender identity with younger children. The company alleged DeSantis rallied the Republican-controlled legislature to strike back at "woke Disney" and seize control of an administrative district, created in 1967, that helped Disney develop theme parks and resorts.  ( 40 min )

Iveco Group will buy full ownership of its joint venture with U.S. start-up Nikola Corp which develops battery electric and fuel cell heavy-duty trucks, the Italian truck maker said on Tuesday. With the move, Iveco loosens ties with troubled Nikola, after forming the joint venture in 2019 to help the Italian group, then part of CNH Industrial and a latecomer to electrification, catch up with large European rivals such as Daimler Truck and Volvo.  ( 39 min )

CEO Dan Schulman said the company could see high-single-digit revenue growth.  ( 22 min )

Chip gear maker Skyworks Solutions Inc's shares tumbled 9.8% in premarket trading after projecting its current-quarter revenue and earnings short of estimates. Investors were hopeful of Skyworks' earnings following Apple Inc's strong quarterly showing on Thursday, but global smartphone sales have been suffering from weak demand. Shares of other Apple suppliers including Qualcomm and Qorvo fell 0.5% and 1.6%, respectively.  ( 39 min )

The technology company's shares were set to rise almost 20% on Tuesday but Wall Street analysts see reason for caution.  ( 22 min )

House prices fell 0.3pc in April, following a 0.8pc rise in March, according to a mortgage lender Halifax.  ( 37 min )

(Bloomberg) -- Benchmark rates for oil-carrying supertankers have collapsed by three-quarters as OPEC+ follows through on a surprise vow to slash supply to shore up prices, reducing volumes shipped across the world’s oceans.Most Read from BloombergPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffGoldman to Pay $215 Million to End Case on Underpaying WomenTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateWhy Airfares, Hotels and Cars Are Getting So  ( 39 min )

(Bloomberg) -- Chinese financial stocks extended their recent rally, as traders continued to bet on policy support for state-run firms to help regain momentum in a market faced with renewed growth concerns. Most Read from BloombergPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateWhy Airfares, Hotels and Cars Are Getting So Expensive for AmericansGoldman Shells Out $215 Million to End Case on Underp  ( 38 min )

UBS said Tuesday it's bringing the CEO of Credit Suisse on to its executive board and will keep the two banks operating separately “for the foreseeable future” as it moves forward with a high-profile merger expected to close within two weeks. The two Zurich-based banks, longtime rivals, are uniting in a $3.25 billion deal hastily arranged in March by Swiss government officials and regulators after Credit Suisse’s stock plunged and jittery depositors quickly pulled out their money. “This is a pivotal moment for UBS, Credit Suisse and the entire banking industry," said UBS CEO Sergio Ermotti, who was brought back to the bank to help see the deal through.  ( 39 min )

Buffett and Munger are wary of owning bank stocks, predict pain in commercial real estate, and don't plan to acquire Occidental Petroleum.  ( 42 min )

The funds aren’t completely risk-free right now because Congress hasn’t raised or suspended the nation's roughly $31 trillion debt ceiling.  ( 22 min )

China's imports contracted sharply in April, while exports grew at a slower pace, reinforcing signs of feeble domestic demand despite the lifting of COVID curbs and heaping pressure on an economy already struggling in the face of cooling global growth. Government officials have repeatedly warned of a "severe" and "complicated" external environment in the wake of mounting recession risks for many of China's key trading partners. Analysts say cooling global growth pointed to a longer road to recovery for the Asian giant after Beijing abruptly ended tough COVID curbs in December.  ( 38 min )

NEW YORK/LONDON (Reuters) -A gauge of global equities fell on Tuesday after weak Chinese trade data sparked concerns about China's domestic demand recovery, while the impasse over the U.S. debt ceiling sparked a sharp sell-off in short-dated Treasury bills. A resumption of a slide in shares of regional banks sent the major stock indexes on Wall Street lower as markets await a meeting between President Joe Biden and top Republican lawmakers about raising the $31.4 trillion debt ceiling later in the day. Investors fear a government default if Congress fails to resolve the debt ceiling deadlock as early as June 1.  ( 40 min )

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NEW YORK (Reuters) -Sam Bankman-Fried, who has long denied stealing from customers of his FTX cryptocurrency exchange, on Monday asked a U.S. judge to throw out criminal charges against him over the now-bankrupt FTX's collapse. In a filing in Manhattan federal court, Bankman-Fried's lawyers said several of the charges failed to properly state an offense. Bankman-Fried, a 31-year-old former billionaire, has largely been confined to his parents' home since his December arrest in the Bahamas, where he had lived and where FTX was based.  ( 38 min )

(Bloomberg) -- Charles Schwab Corp. started hedging interest rate-related risk this year, according to a regulatory filing on Monday.Most Read from BloombergPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateWhy Airfares, Hotels and Cars Are Getting So Expensive for AmericansMitch McConnell Warns He Has No ‘Secret Plan’ to Solve US Debt ImpasseUber Really Needs Lyft to Stay in the Rideshare RaceThe c  ( 38 min )

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(Bloomberg) -- Palantir Technologies Inc. expects to be profitable every quarter this year and described demand for its new artificial intelligence products as “without precedent.” The stock climbed as much as 20% in the first minutes of extended trading Monday.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebatePowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffWhy Airfares, Hotels and Cars Are Getting So Expensive for America  ( 40 min )

Despite the strong jobs numbers for April, the overall economic outlook heading toward the second half of the year remains grim. Against a backdrop of elevated interest rates and recent bank failures, the odds of a recession hitting later this year are up to 64%. It’s an environment almost tailor-made to keep investors nervous – and looking for ‘recession proof’ sectors. In a recent report from JPMorgan, analyst Bill Peterson sees just such an opening in the aluminum sector. Peterson has taken a  ( 42 min )

Het aantal webshops is voor het eerst groter dan het aantal reguliere winkels. De laatste jaren zijn er steeds meer online winkels bij gekomen, waardoor er in Nederland nu ruim 84.000 zijn. Dat zijn er 2.000 meer dan bakstenen winkels, blijkt uit cijfers van statistiekbureau CBS.  ( 4 min )

De aandeelhouders van Philips zijn niet blij met de manier waarop het medisch technologiebedrijf vorig jaar gerund werd. Tijdens de jaarvergadering stemde een grote meerderheid tegen het verlenen van decharge. Dat betekent dat de aandeelhouders de bestuurders verantwoordelijk houden voor het beleid dat vorig jaar gevoerd werd.  ( 3 min )

Budgetvlieger Ryanair heeft bij Boeing 150 vliegtuigen besteld, met een aanvullende optie voor nog eens 150 toestellen. Het is de grootste order die Ryanair ooit heeft geplaatst.  ( 3 min )

De drieduizend werknemers in de distributiecentra van Albert Heijn krijgen een loonsverhoging van 10 procent. Na dagenlange stakingen zijn de supermarktketen en de vakbonden dinsdag tot een nieuwe cao gekomen.  ( 3 min )

Autofabriek VDL Nedcar in Born ligt ook woensdag en donderdag stil. Het personeel zal nog eens twee dagen staken, omdat de vakbonden nog geen reactie van de bedrijfsdirectie hebben gekregen.  ( 3 min )

Personeel van Britse bedrijven zou op feestjes en borrels minder alcohol moeten drinken. Dit moet ongepast gedrag en intimidatie bij zulke bijeenkomsten voorkomen, schrijft BBC News op basis van een onderzoek.  ( 3 min )

De Amerikaanse zakenbank Goldman Sachs heeft in een langlopende rechtszaak over de ongelijke betaling van mannen en vrouwen een schikking van 215 miljoen dollar (196 miljoen euro) getroffen. Maar liefst 2.800 vrouwelijke medewerkers hadden een zaak aangespannen vanwege systematische onderbetaling.  ( 3 min )

Woonkracht10 heeft cybercriminelen losgeld betaald na een aanval die eind april plaatsvond. De Zwijndrechtse woningcorporatie heeft afspraken gemaakt met de aanvallers om te zorgen dat ze gestolen data verwijderen.  ( 3 min )

Autofabriek VDL Nedcar in Born ligt ook woensdag en donderdag stil. Het personeel zal nog eens twee dagen staken, omdat de vakbonden nog geen reactie van de bedrijfsdirectie hebben gekregen.  ( 3 min )

Nintendo verkocht in het afgelopen jaar bijna achttien miljoen Switch-spelcomputers. Dat zijn er 22 procent minder dan een jaar eerder. Eerder wees Nintendo op chiptekorten, maar ook de populariteit van de Switch is tanende.  ( 3 min )

Europese toezichthouders zijn steeds kritischer op investeringen door Chinese bedrijven. Zo zijn diverse overnames in de techsector en de infrastructuur vorig jaar geblokkeerd. Daardoor is het totaalbedrag aan Chinese investeringen gedaald tot het laagste punt in bijna tien jaar.  ( 4 min )

De Amerikaanse zakenbank Goldman Sachs heeft in een langlopende rechtszaak over de ongelijke betaling van mannen en vrouwen een schikking van 215 miljoen dollar (196 miljoen euro) getroffen. Maar liefst 2.800 vrouwelijke medewerkers hadden een zaak aangespannen vanwege systematische onderbetaling.  ( 3 min )

Twitter gaat accounts die al meerdere jaren niet zijn gebruikt opruimen. Door deze maatregel zullen veel twitteraars volgers kwijtraken.  ( 3 min )

Personeel van Britse bedrijven zou op feestjes en borrels minder alcohol moeten drinken. Dit moet ongepast gedrag en intimidatie bij zulke bijeenkomsten voorkomen, schrijft BBC News op basis van een onderzoek.  ( 3 min )

DSM en het Zwitserse Firmenich zullen definitief samensmelten tot één bedrijf. Daarmee komt er een einde aan het zelfstandige Nederlandse chemiebedrijf dat is voortgekomen uit De Nederlandse Staatsmijnen.  ( 4 min )

Tesla bouwt een eigen fabriek die lithium gaat produceren. De autofabrikant trekt 375 miljoen dollar (341 miljoen euro) uit voor de fabriek, die in de Amerikaanse staat Texas komt te staan.  ( 3 min )

Twitter gaat accounts die al meerdere jaren niet zijn gebruikt opruimen. Door deze maatregel zullen veel twitteraars volgers kwijtraken.  ( 3 min )

LinkedIn gaat 716 banen schrappen. Dat komt neer op 3,5 procent van het totale personeelsbestand. Het zakelijke sociale netwerk verwacht een zwakkere economische groei en wil daarom kosten besparen.  ( 3 min )

Met nieuwe binnenkomer Negin Mirsalehi telt Quote's lijst van de rijkste jonge selfmade miljonairs dit jaar vier in plaats van drie vrouwen. De drie allerrijkste Nederlanders onder de veertig jaar zijn dezelfde drie mannen als vorig jaar.  ( 3 min )

Met nieuwe binnenkomer Negin Mirsalehi telt Quote's lijst van de rijkste jonge selfmade miljonairs dit jaar vier in plaats van drie vrouwen. De drie allerrijkste Nederlanders onder de veertig jaar zijn dezelfde drie mannen als vorig jaar.  ( 3 min )

Netbeheerder Stedin wil dat provincies miljoenen euro's gaan investeren in een uitbreiding van het stroomnet in hun regio. In ruil daarvoor zouden ze dan een aandeel in de netbeheerder krijgen.  ( 3 min )

Het landbouwakkoord laat voorlopig op zich wachten. Ondanks een ultimatum van boerenlobbyorganisatie LTO ligt er deze week hoogstwaarschijnlijk zelfs nog geen definitieve tekst van een onderhandelingsakkoord. LTO wijst de concepttekst af, laat zij maandag weten.  ( 5 min )

Met nieuwe binnenkomers Negin Mirsalehi (foto) en Roemie Hillenaar telt Quote's lijst van rijkste jonge selfmade miljonairs dit jaar drie in plaats van vijf vrouwen. De drie allerrijkste Nederlanders onder de veertig jaar, zijn dezelfde drie mannen als vorig jaar.  ( 3 min )

Goldman Sachs, Deloitte, Cboe Global Markets, Microsoft (MSFT) and fintech firm Digital Asset have teamed up to create a blockchain network for institutional crypto assets.  ( 1 min )

President Biden will meet with Congressional leaders to try and resolve raising the nation's debt limit to avoid default. Here’s what investors need to know today.  ( 1 min )

U.S. equities indexes were little changed on Monday, May 8, 2023, with crucial reports on inflation expected later in the week.  ( 1 min )

Day trading involves making dozens of trades in a single day, while swing trading involves holding positions over a period of days or weeks.  ( 24 min )

Advisors can help clients experiencing grief by following these five tips.  ( 24 min )

Retired securities have been repurchased by the issuer out of the company's retained earnings and canceled.  ( 18 min )

U.S. equities indexes were little changed on Monday, May 8, 2023, with crucial reports on inflation expected later in the week.  ( 16 min )

Personal loan rates eased slightly for a second week, lowering the overall average by seven basis points.  ( 17 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 17 min )

Disney tops the box office and the Dow with Guardians of the Galaxy, but bad press helped push 3M lower.  ( 17 min )

Savings account rates have already risen to record levels over the past 14 months, but will the Fed's latest announcement bump them higher, or cause them to plateau?  ( 19 min )

Here's why it can be difficult to determine the risk to a company's EPS and financial condition resulting from an underfunded pension plan.  ( 20 min )

A chip-and-signature card is a type of credit card that encodes its information in a magnetic stripe as well as a square microchip.  ( 19 min )

Under a new proposal, airlines would have to pay for stranded travelers' expenses if the companies aren’t able to prevent some delays and cancellations.  ( 17 min )

Fed's Loan Officer Survey Shows Credit Will Get Tighter in Coming Months  ( 17 min )

The Thrift Institutions Advisory Council advised the Federal Reserve Board of Governors on the various needs and conditions of nonbank savings institutions.  ( 19 min )

With Walmart leading the pack, these are the 10 biggest retail companies by 12-month trailing revenue.  ( 22 min )

A guardian is an individual who has been given the legal responsibility to care for a child or an adult who does not have the capacity for self-care.  ( 20 min )

The year to date returns for XOP, VDE, IYE, XLE, and LIT make them the best performing ETFs of 2021.  ( 24 min )

Berkshire Hathaway is a holding company for a multitude of businesses run by chair and CEO Warren Buffett.  ( 23 min )

Check out the current Bread Savings CD rates and see how they compare to the competition. Maximize your savings with flexible and secure CD investments at Bread.  ( 19 min )

A home equity line of credit (HELOC) is a line of credit secured by equity you have in your home.  ( 23 min )

President Joe Biden will meet with top Republican lawmakers at the White House on Tuesday in a showdown over the debt ceiling that is a uniquely American phenomenon.  ( 17 min )

The rule of 55 allows certain workers to withdraw money early from employer-sponsored retirement accounts without triggering a tax penalty.  ( 23 min )

Southwestern Energy, Black Stone Minerals, and TORM are top for best value, fastest growth, and most momentum, respectively.  ( 20 min )

A value stock is a stock that tends to trade at a lower price relative to its fundamentals, making it appealing to value investors.  ( 27 min )

A double top is an extremely bearish technical reversal pattern that forms after a stock makes two consecutive peaks.  ( 26 min )

Learn about the marginal cost of production and marginal revenue and how the two measures are used together to determine the profit maximization point.  ( 25 min )

This week’s cryptocurrencies to keep an eye on are Pepe (PEPE), FLOKI (FLOKI), Stacks (STX), WOO Network (WOO), and TRON (TRX).  ( 20 min )

The Dow Jones Transportation Average is a price-weighted average of 20 transportation stocks traded in the United States.  ( 19 min )

A futures strip is the buying or selling of futures contracts in sequential delivery months traded as a single transaction.  ( 18 min )

It’s no surprise, sticky high inflation, rising rates, recession fears and more bank failures have spiked investor cautiousness to the highest levels seen this year, according to Investopedia’s latest survey of daily newsletter readers.  ( 18 min )

Hyperledger is an open-source umbrella project that offers tools for developing and using blockchain systems and applications across industry sectors.  ( 19 min )

Top video game stocks this quarter include NVIDIA Corp., Inspired Entertainment Inc., and SciPlay Corp., all of which have risen more than 25% in the last 12 months while rising interest rates have weighed on the broader market.  ( 20 min )

With JinkoSolar Holding Co. leading the pack, these are the 10 biggest solar companies by 12-month trailing revenue.  ( 23 min )

Borrowers must pay up-front and annual mortgage insurance premiums on HECM reverse mortgages, but the insurance provides several consumer protections.  ( 23 min )

Though most investors use standard deviation to determine volatility, there's an easier and more accurate way of doing it: the historical method.  ( 22 min )

Learn about the SPY ETF (SPDR S&P 500 ETF Trust), its characteristics, and the suitability of investing in the fund.  ( 24 min )

Robinhood's net losses are predicted to widen to $484 million as monthly active users falls by a quarter amid inflation, interest rate hikes, and falling asset prices.  ( 18 min )

The minimum wage is a legally mandated price floor on hourly wages, below which nonexempt workers may not be offered a job or agree to work.  ( 28 min )

The Express steamed down to Rio de Janeiro for a quick trip to discover a city trying to transform itself into Latin America's tech capital, and change the course of Brazil's economic future. From the first Web Summit held in Latin America, we spoke with Gabriela Goncalves of Nilla Capital, and Marcos Casarin of Oxford Economics about Brazil's economy today, where it's headed, and the opportunities for investors and innovation. Plus, the latest results from our sentiment survey tell us investors are as scared as we've been all year. What's bugging us, and what are we doing about it?  ( 18 min )

Rates on most mortgages types climbed higher, in many cases by double digits. Among the gainers were jumbo 30-year loans, whose rate average hit a two-month high.  ( 18 min )

An adjusted premium is the premium of a life insurance policy that is adjusted by amortizing the costs associated with acquiring the insurance policy.  ( 19 min )

Federal data is expected to show a slower pace of bank lending and the White House is looking at a proposal to make airline compensate travelers for avoidable delays. Here’s what investors need to know today.  ( 17 min )

Disney is projected to report strong earnings growth for the latest quarter as its streaming services gain more subscribers, led by its flagship Disney+ service.  ( 18 min )

Your debt-to-income ratio shows how much of your money goes to paying debts. It helps lenders decide whether to loan you money. Learn how it works and how to improve it.  ( 25 min )

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(Bloomberg) -- When March’s bank failures ignited a historic bond rally, few, if any, made more money than Josh Barrickman.Most Read from BloombergPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateWhy Airfares, Hotels and Cars Are Getting So Expensive for AmericansMitch McConnell Warns He Has No ‘Secret Plan’ to Solve US Debt ImpasseUber Really Needs Lyft to Stay in the Rideshare RaceHis army of fun  ( 41 min )

Skyworks Solutions Inc (NASDAQ: SWKS) shares are falling after it reported second-quarter earnings, with sales meeting expectations and earnings missing estimates. The company also guided for the next quarter. Skyworks reported adjusted EPS of $2.02, missing estimates of $2.03 per share. However, the company's sales for the quarter came in at $1.15 billion against analyst estimates of $1.15 billion. The company generated second-quarter operating cash flow of $411.7 million. In other key achievem  ( 38 min )

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See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

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(Bloomberg) -- Apple Inc. tapped the US blue-chip bond market Monday as a flood of borrowers raise cash ahead of key inflation readings later this week.Most Read from BloombergPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateWhy Airfares, Hotels and Cars Are Getting So Expensive for AmericansGoldman Shells Out $215 Million to End Case on Underpaying WomenMitch McConnell Warns He Has No ‘Secret Plan  ( 39 min )

Exxon Mobil Corp (NASDAQ: XOM) shares gained Monday as Goldman Sachs Group, Inc (NYSE: GS) reiterated its forecast for Brent prices at $95 by December 2023 and $100 for April 2024 despite the sharp declines in oil prices lately. The firm predicts that supply deficits will likely surge in the second half of the year. The current selloff was driven mainly by recessionary fears about demand, the U.S. banking crisis, and reports about increased oil production in Russia, Iran, and other OPEC nations.  ( 38 min )

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The analytics software company Palantir posted a second straight quarter of GAAP profits. As for AI efforts, CEO Alex Karp says: “The machine must remain subordinate to its creator."  ( 22 min )

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While a cost-of-living crisis has now begun to squeeze budgets, particularly of lower income households, consumer spending has remained remarkably steady in the face of a looming economic slowdown. The upbeat forecast echoes expectations of card giants Visa and Mastercard that have remained largely upbeat about spending volumes on pent-up travel demand and resilient consumer spending. The company said it now expects full-year adjusted profit to grow about 20% to $4.95 per share, above analysts' average estimate of $4.88 per share, according to Refinitiv IBES data.  ( 39 min )

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Shale oil producer Devon Energy on Monday topped Wall Street estimates for first-quarter profit on high demand for crude oil, and raised its share repurchase program by 50% to $3 billion. Energy companies have started boosting investor returns since last year with the excess cash they generated aided by higher crude prices. While crude price fell during the first quarter, nearly 20% lower compared to last year when prices soared to multi-year peaks following Russia's invasion of Ukraine, they were still high enough for producers to remain profitable.  ( 38 min )

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Volume was 21.4% lower in April, while the overall figure for parent Anheuser-Busch fell 12.5 % in the month, according to Beer Business Daily.  ( 22 min )

Advanced Micro Devices, Inc (NASDAQ: AMD) shares gained on Monday as reports claimed Microsoft Corp (NASDAQ: MSFT) denied a partnership with the chipmaker for its Athena artificial intelligence chip. Reportedly, Frank Shaw, a Microsoft spokesman, denied that AMD is part of Athena. "AMD is a great partner," he said. "However, they are not involved in Athena." Also, separate reports suggested that U.S. sanctions compelled the Chinese firms, including Alibaba Group Holding Limited (NASDAQ: BABA), B  ( 38 min )

TD agreed to buy First Horizon in February 2022 in a deal that would have created the sixth-largest U.S. lender. The banks said they expected to complete the transaction by January.  ( 40 min )

The market is being buffeted by conflicting headwinds, making the pundits’ job harder. While inflation appears to be moderating, with the annualized rate down to 5% in March – the lowest since the summer of 2021 – the job market remains surprisingly robust. Last month, the BLS reported 253,000 new jobs, exceeding the predicted 180K, and an unemployment rate of just 3.4% compared to a forecast of 3.6%. The robust job numbers present a challenge for the Federal Reserve, which is tasked with managi  ( 42 min )

(Bloomberg) -- Occidental Petroleum Corp. began buying back Berkshire Hathaway Inc.’s $10 billion of preferred stock, four years after Warren Buffett’s firm made the investment during the oil producer’s takeover of Anadarko Petroleum Corp. Most Read from BloombergPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateWhy Airfares, Hotels and Cars Are Getting So Expensive for AmericansGoldman Shells Out $  ( 39 min )

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Toronto-Dominion Bank’s handling of suspicious customer transactions was behind regulators’ refusal to bless the Canadian lender’s $13.4 billion bid to buy First Horizon, people familiar with the matter said.  ( 29 min )

US Treasury secretary Janet Yellen has warned that a failure by Congress to raise the debt ceiling in the coming weeks could lead to a “constitutional crisis.” According to Yellen, who made the comments during a May 7 appearance on ABC News’s This Week, the US could run out of cash as early as June 1.  ( 39 min )

Microsoft Corp (NASDAQ: MSFT) shares are trading lower on Monday for no company-specific news. The stock is up 30% YTD, signaling an upside from the ChatGPT frenzy. In 2023, Microsoft launched its AI-powered search engine, Bing AI, building on its partnership with OpenAI, intensifying rivalry with Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google. Also Read: Microsoft's Premium ChatGPT Service Set to Supercharge Azure Growth: Analyst Predicts Even Wider Lead Over AWS Reports in April suggested  ( 38 min )

(Bloomberg) -- Expectations among US stock investors that the worst of pressures may have passed will likely be proven wrong as recession risk still looms, according to JPMorgan Chase & Co.’s Marko Kolanovic.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebatePowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffFootball Stadiums Belong in the SuburbsBiden Trails Trump as His Approval Rating Hits Low in ABC PollWhy Airfares, Hotel  ( 39 min )

(Bloomberg) -- Bill Gross, the former chief investment officer of Pacific Investment Management Co., recommended buying short-term Treasury bills, expecting the debt-ceiling issue eventually gets resolved. Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebatePowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffFootball Stadiums Belong in the SuburbsBiden Trails Trump as His Approval Rating Hits Low in ABC PollWhy Airfares, Hotels  ( 37 min )

Stifel Market Strategist Barry Bannister says an environment friendly to growth and value stocks could seed an index rally in the second and third quarters.  ( 22 min )

JPMorgan Chase fired Charlie Javice in November 2022. Now the bank must pay her legal fees, according to a Delaware Chancery Court ruling.  ( 41 min )

Mortgage fees are changing under the new rules from the Biden administration’s Federal Housing Finance Agency. Because some borrowers with good credit may end up paying higher fees compared to those with lower credit scores, the change has sparked a discussion. Among the critics is Peter Schiff, CEO and chief global strategist at Euro Pacific Capital. During an interview posted on Schiff’s YouTube channel, the host shared his intention to buy a home but voiced concerns about getting punished if  ( 39 min )

The Berkshire Hathaway investors shared their wisdom at the company's annual shareholder meeting—including how to succeed in life and avoid mistakes.  ( 40 min )

Lucid Motors will release Q1 earnings after the bell on Monday, a crucial report for the pure play electric vehicle maker looking to assuage investor concerns about production, and profitability.  ( 39 min )

The oil company is starting to rid itself of a source of high-cost financing, but Warren Buffett's company is likely to continue to benefit from it for years.  ( 22 min )

Stifel sees upside for the S&P 500 as earnings continue to beat estimates.  ( 40 min )

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The cloud-security company said it expects revenue for its third fiscal quarter to be higher than it had forecast.  ( 22 min )

The California woman suing Subway for claiming its tuna products contain ingredients other than tuna wants to end her lawsuit because she is pregnant, prompting Subway to demand her lawyers be sanctioned for bringing a frivolous case. Nilima Amin said her "severe" morning sickness and "debilitating" conditions as she prepares for a third child have left her "unable to proceed with the obligations as plaintiff," and require her to focus on her health and family. In a May 4 filing, Subway said Amin's excuse flunked the "straight-face" test, and her lawyers likely realized it would not "simply pay the windfall settlement that they hoped to get by constructing a high-profile shakedown."  ( 38 min )

With JinkoSolar Holding Co. leading the pack, these are the 10 biggest solar companies by 12-month trailing revenue.  ( 23 min )

(Bloomberg) -- JPMorgan Chase & Co. must pay Frank founder Charlie Javice’s defense costs in its suit accusing her of defrauding in its $175 million acquisition of her college-loan-planning site.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebatePowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffFootball Stadiums Belong in the SuburbsBiden Trails Trump as His Approval Rating Hits Low in ABC PollSingapore’s Soaring Rents Are Be  ( 39 min )

Catalent Inc (NASDAQ: CTLT) will be delaying the release of its third fiscal quarter results and investor conference call, previously scheduled for Tuesday, May 9, 2023. The company expects to file its Quarterly Report on Form 10-Q on May 15, 2023. In April, Catalent reported productivity challenges and higher-than-expected costs at its drug product and drug substance manufacturing facilities in Bloomington, Indiana, and Brussels, Belgium. Life-sciences company Danaher Corporation (NYSE: DHR) al  ( 38 min )

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The Berkshire Hathaway CEO is renowned for his stock-picking, but right now his favorite investment appears to be cash.  ( 22 min )

A 5%T-bill is pretty attractive when equities appear expensive.  ( 22 min )

Sea Limited (NYSE: SE) shares gained on Monday over reports of a pay boost. Sea's founder declared a 5% pay hike for most employees starting July, signaling a turnaround for the e-commerce and gaming business after years of bleeding losses. Workers who joined on or before March 31 will get the salary bump, Bloomberg cites Forrest Li's internal memo. He said Sea has reached "self-sufficiency" as its cash balance is increasing rather than shrinking every quarter, months ahead of a target set last  ( 38 min )

Catalent anticipates a significant reduction to both its fiscal 2023 revenue and adjusted earnings before interest, taxes, depreciation and amortization guidance.  ( 22 min )

The Tesla CEO was one of the many topics that came up at Berkshire Hathaway's annual meeting of shareholders in Omaha on Saturday.  ( 22 min )

Every investor would naturally like to see the stocks that make up their portfolio show a consistent upward curve, but that, as everyone learns eventually, is just not the way it works. Peaks and troughs are part of the investing game, and even the stock market kings go through periods of serous pullbacks for one reason or another, be it macro developments or some news item that spooked investors. And every so often, despite sound fundamentals, the pendulum swings too far into negative terrain,  ( 41 min )

A buyout consortium comprising Warburg Pincus and Advent International is in advanced talks to acquire Baxter International Inc's (NYSE: BAX) biopharma solutions business. BioPharma Solutions offers contract manufacturing services to the pharma and biotech industries. The deal value could reach or exceed $4 billion. Warburg Pincus and Advent have submitted the most attractive offer to Baxter in an auction that drew interest from other private equity firms and major players, including Thermo Fish  ( 39 min )

The meat processor swung to a loss as it grappled with higher costs and flat revenue. Shares declined more than 10%.  ( 25 min )

I'm holding $300,000 in cash that I plan to put into a new home. With the market as it is, I'm putting off that purchase for six to nine months. I'm 66 years old, single and plan to retire within … Continue reading → The post Ask An Advisor: Where Should I Stash Short-Term Savings? appeared first on SmartAsset Blog.  ( 40 min )

A part-time job is like temporarily having a bigger nest egg while splurging on that luxury SUV will lower your spending for your entire retirement.  ( 36 min )

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Potential homeowners may feel left in the dust with recent increases in costs and interest rates. But with the right combination of factors in some U.S. cities, the costs of homeownership may actually be less than the cost of renting, … Continue reading → The post Buy vs. Rent: A Comparison of Housing Costs in U.S. Cities – 2023 Study appeared first on SmartAsset Blog.  ( 40 min )

The number of tokens the regulator has labeled as securities almost tripled in 2022.  ( 25 min )

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(Bloomberg) -- Weight loss brand Jenny Craig has begun liquidating its operations in the US after efforts to ease a cash crunch fell short. Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebatePowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffFootball Stadiums Belong in the SuburbsBiden Trails Trump as His Approval Rating Hits Low in ABC PollBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresJenny C Holdings LLC an  ( 38 min )

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PepsiCo hires 2,000 U.S. graduates every year, says its CHRO.  ( 39 min )

The Springdale, Ark.-based company posted a loss of $97 million in the period ended April 1, compared with net income of $829 million a year earlier.  ( 26 min )

BioNTech's first-quarter revenue falls from a year earlier as demand for Covid-19 vaccines wanes but still tops analysts' estimates.  ( 26 min )

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Anheuser-Busch InBev is planning to help distributors feeling the sting of the controversy involving the beer giant's promotional effort with transgender activist Dylan Mulvaney.  ( 40 min )

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First-quarter earnings at the satellite and streaming video provider hit expectations but it lost more pay-TV subscribers than analysts had expected.  ( 22 min )

The major averages were little changed on Monday morning while regional banks extended their rally.  ( 39 min )

The meat giant posts an adjusted loss of 4 cents a share in its fiscal second quarter, while analysts were expecting earnings of 79 cents.  ( 22 min )

Bitcoin, Ether fell in Monday afternoon trade in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Polkadot and XRP led the losers in that list.  ( 39 min )

(Bloomberg) -- Tyson Foods Inc. cut its outlook for meat sales this year as consumers switch to cheaper foods due to inflation.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffBiden Trails Trump as His Approval Rating Hits Low in ABC PollBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresThe biggest US meat company in a Mon  ( 38 min )

Stocks might be under pressure even if the U.S. economy avoids a downturn.  ( 26 min )

(Bloomberg) -- Softer US macroeconomic data suggest that earnings trends will weaken in coming months, contrary to the expectations of most analysts, according to Morgan Stanley’s Michael Wilson, a staunch Wall Street bear.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffBiden Trails Trump as His Approval Rating Hits Low in ABC PollBuff  ( 39 min )

Debt limit concern, Buffett shares investing advice, and other news to start your day.  ( 25 min )

Disney is projected to report strong earnings growth for the latest quarter as its streaming services gain more subscribers, led by its flagship Disney+ service.  ( 19 min )

The European companies’ energy traders generate huge profits, but investors are mostly in the dark.  ( 25 min )

Oil-and-gas companies boost shareholder returns and keep funds for when the boom goes bust.  ( 27 min )

Warren Buffett tamps down speculation that Berkshire Hathaway, which owns 24% of Occidental Petroleum, wants to buy the entire company, while PacWest shares surge after the regional lender says it's reducing its dividend.  ( 23 min )

Attendees at Berkshire Hathaway's annual meeting aimed to get a glimpse of Greg Abel, the conglomerate's designated CEO successor.  ( 40 min )

(Bloomberg) -- Shares in Occidental Petroleum Corp. dropped in premarket trading after Warren Buffett said Berkshire Hathaway Inc. won’t make an offer for full control of the energy group, tempering speculation he was seeking to own the company after spending months snapping up its shares.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsBiden Trails Trump as His Approval Rating Hits Low in ABC PollBuffett Reaffirms Abel  ( 39 min )

(Bloomberg) -- PacWest Bancorp rose as much as 16% in premarket trading Monday, extending Friday’s brisk rebound and leading gains in US regional banks, after it slashed its quarterly dividend and said business remains “sound.”Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsBiden Trails Trump as His Approval Rating Hits Low in ABC PollBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresPowell’s Bet Against  ( 39 min )

(Bloomberg) -- Investors should brace for months of market readjustments overshadowed by the threat of a new “financial accident,” according to Allianz chief economist Ludovic Subran.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsBiden Trails Trump as His Approval Rating Hits Low in ABC PollBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresPowell’s Bet Against Recession Looks Good — Minus the Credit Crun  ( 39 min )

(Bloomberg) -- The rally in Chinese financial shares intensified on Monday, with some banks posting their biggest single-day gains since the country’s 2015 equity bubble after more lenders cut their deposit rates and further progress on state-owned enterprise reform boosted investor sentiment.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresBiden Trails Tru  ( 38 min )

Warren Buffett addressed the banking turmoil, prospects for large acquisitions, and his hand-picked successor Greg Abel.  ( 22 min )

(Bloomberg) -- Oil edged higher as investors assessed a complex outlook for global crude demand after a period of volatile trading and the dollar eased.West Texas Intermediate rose toward $72 a barrel after surging by more than 4% on Friday, when futures pared a steep weekly loss. While fears of a US recession and bank failures have rattled markets recently, pushing crude to the lowest intraday level since late 2021, physical demand signals suggest at least some of the recent weakness in prices  ( 39 min )

By Vlad Schepkov  ( 39 min )

The window of opportunity to hammer out a deal is closing. Bond markets have jitters.  ( 22 min )

Airfares and hotel room rates are soaring as the market for international trips booms. Several companies stand to benefit in a big way.  ( 32 min )

(Bloomberg) -- Hedge funds supercharged bearish Treasury bets to historic levels just days before the US banking turmoil took a turn for the worse and spurred a stampede for the world’s safest assets.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsBank Stocks Nearing a Crisis-Era Threshold Raises Warning SignBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresBiden Trails Trump as His Approval Rating Hits L  ( 38 min )

(Bloomberg) -- Binance, the largest crypto exchange, temporarily paused withdrawals of Bitcoin for the second time in less than 12 hours, citing congestion on the token’s network.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresBank Stocks Nearing a Crisis-Era Threshold Raises Warning SignFootball Stadiums Belong in the SuburbsKimora Lee Says $93 Million US Wants From Tim Leissner Is HersThe ste  ( 37 min )

(Bloomberg) -- The Chinese economy’s debt ratio reached a record high in the first quarter of the year, with bank loans to companies surging as the nation reopened from Covid Zero.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresBiden Trails Trump as His Approval Rating Hits Low in ABC Poll‘We Just Want Someone Sane’: What Happens When a Small Town Goes MAG  ( 38 min )

(Bloomberg) -- Sea Ltd. said it is giving most employees a 5% pay increase after turning profitable, a milestone for the Singapore e-commerce and gaming company that slashed costs drastically during the technology industry’s downturn.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresBank Stocks Nearing a Crisis-Era Threshold Raises Warning SignFootball Stadiums Belong in the SuburbsKimora Lee Say  ( 38 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

Disney tops the box office and the Dow with Guardians of the Galaxy, but bad press helped push 3M lower.  ( 1 min )

Federal data is expected to show a slower pace of bank lending and the White House is looking at a proposal to make airline compensate travelers for avoidable delays. Here’s what investors need to know today.  ( 1 min )

Inwoners van Liechtenstein mogen binnenkort voor bepaalde overheidsdiensten in bitcoins betalen. Dat zegt premier Daniel Risch in een interview met de Duitse zakenkrant Handelsblatt.  ( 3 min )

ING heeft de storing waardoor klanten maandagochtend geen geld konden overmaken naar eigen bankrekeningen, inmiddels verholpen. Door een storing waren niet alle rekeningen zichtbaar in internetbankieren en de ING-app.  ( 3 min )

Luidsprekerproducent Sonos en techgigant Google staan maandag weer tegenover elkaar in de rechtszaal in San Francisco. Het is een nieuw hoofdstuk in het al jaren slepende juridische conflict tussen de twee bedrijven. Sonos eist een schadevergoeding van 90 miljoen dollar (81,5 miljoen euro).  ( 4 min )

Chinese bedrijven die onderdelen aan het Russische leger leveren, komen op een Europese zwarte lijst. Dat schrijft Financial Times op basis van uitgelekte documenten.  ( 3 min )

Als de lonen net zoveel stijgen als de inflatie, gaan de prijzen voor consumenten ook verder omhoog, waarschuwde DNB-president Klaas Knot zondag in Buitenhof. Vakbonden reageren fel. Ze vinden dat ondernemers genoeg vet op de botten hebben om de lonen te verhogen. Waar komt dit meningsverschil vandaan?  ( 5 min )

Eind 2022 stond er in Nederland meer dan 6 gigawatt aan windmolens op land, blijkt uit de nieuwe Monitor Wind op land van Rijksdienst voor Ondernemend Nederland. Daarmee werd eindelijk de doelstelling van het energieakkoord uit 2013 gehaald.  ( 3 min )

Klanten van ING hebben maandagmiddag opnieuw problemen met internetbankieren. Door een storing zijn niet alle rekeningen zichtbaar. Daardoor kunnen ze geen geld overboeken van een spaarrekening naar een betaalrekening.  ( 3 min )

Als de lonen net zoveel stijgen als de inflatie, gaan de prijzen voor consumenten ook verder omhoog, waarschuwde DNB-directeur Klaas Knot zondag in Buitenhof. Vakbonden reageren fel. Ze vinden dat ondernemers genoeg vet op de botten hebben om de lonen te verhogen. Waar komt dit meningsverschil vandaan?  ( 5 min )

Wie een spaarrekening bij SNS, RegioBank of ASN heeft, krijgt vanaf 15 mei een hogere rente. Daarmee volgt moederbedrijf de Volksbank zijn concurrenten Rabobank, ING en ABN AMRO.  ( 3 min )

Hogwarts Legacy is de bestverkopende game die Warner Bros. Games ooit heeft uitgebracht. Sinds 10 februari is het Harry Potter-spel al meer dan vijftien miljoen keer verkocht. De spelontwikkelaar meldt dat de game al meer dan 1 miljard dollar (ruim 905 miljoen euro) heeft opgeleverd.  ( 3 min )

De bodem van de Noordzee ligt vol met internetkabels. Rond die kabels zijn de laatste tijd verdachte Russische schepen gesignaleerd die ons internet zouden willen saboteren. Moeten we bang zijn dat ons internet uitvalt?  ( 4 min )

PostNL heeft in het eerste kwartaal veel minder winst geboekt dan een jaar eerder. Het postbedrijf ziet het winstcijfer al langere tijd dalen, doordat er minder pakketjes worden bezorgd.  ( 3 min )

Supermarktketen Albert Heijn gaat vandaag met vakbonden CNV en FNV om de tafel zitten. De inzet is een nieuwe cao voor de medewerkers van distributiecentra. De gesprekken zijn ook belangrijk voor de consument: als een akkoord uitblijft, dreigen nieuwe stakingen en dus opnieuw lege schappen.  ( 3 min )

De vakbonden FNV Metaal en CNV Vakmensen hebben een tweedaagse staking bij de Limburgse autofabriek Nedcar aangekondigd. Maandag en dinsdag staakt het personeel. Eigenaar VDL heeft een ultimatum over een sociale regeling voor het personeel laten verlopen.  ( 3 min )

Maastricht Aachen Airport (MAA) is vanaf maandag acht weken lang gesloten. In die tijd wordt de start- en landingsbaan gerenoveerd. Dat is nodig vanwege slijtage van het asfalt. Daardoor kunnen kleine deeltjes loslaten en schade aan vliegtuigen veroorzaken.  ( 3 min )

De prijzen in de supermarkten schieten omhoog. Toch claimen veel ketens dat honderden producten goedkoper worden door acties. Maar volgens experts is dat een misvatting.  ( 4 min )

Trying to navigate the ups and downs of the stock market and predict its future direction can seem like a complicated and daunting task. But as with almost anything, keeping it simple is often the key. And one of the most straight forward strategies is to keep an eye out for the insiders’ moves. After all, these corporate officers are privy to their companies’ inner workings. When an insider is seen picking up shares of the company they work for, especially in bulk, it sends a clear signal that  ( 41 min )

(Bloomberg) -- Defaulted Chinese developers facing key court dates in coming weeks received an abrupt reminder that it’s actions not words that count in restructurings, if you want to avoid getting liquidated.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresBank Stocks Nearing a Crisis-Era Threshold Raises Warning SignKimora Lee Says $93 Million US Wants From Tim Leissner Is Hers‘We Just Want So  ( 39 min )

The Bureau of Labor Statistics reports the consumer price index for April on Wednesday. Economists expect a 5% rise from April 2022, matching March.  ( 22 min )

(Bloomberg) -- It’s a familiar story: A business mogul parlaying much of his fortune into a massive bet on electric vehicles, only to fall on hard times.Most Read from BloombergBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresKimora Lee Says $93 Million US Wants From Tim Leissner Is Hers‘We Just Want Someone Sane’: What Happens When a Small Town Goes MAGABank Stocks Nearing a Crisis-Era Threshold Raises Warning SignYour Sunday US Briefing: Buffett’s Warning and Hungry AmericansPha  ( 42 min )

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Central banks added 228.4 tons of gold to global reserves in the first quarter, the World Gold Council reported.  ( 39 min )

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This week’s earnings reports include Airbnb, Brookfield, McKesson, PayPal, and Tyson Foods, Toyota Motor, and more.  ( 23 min )

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Legendary investor Warren Buffett explains why he's not too keen to get in on the EV trade.  ( 40 min )

The Berkshire Hathaway CEO, with his business partner Charlie Munger, spent hours this weekend discussing life and career choices.  ( 26 min )

(Bloomberg) -- The selloff in US bank shares is threatening to push them below a technical threshold that could signal more pain ahead for the broader stock market. Most Read from BloombergBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresJustice Thomas Ethics Review Questioned by US Court Leader in 2012Kimora Lee Says $93 Million US Wants From Tim Leissner Is HersRussia Says It Has Billions of Indian Rupees That It Can’t UseBond Traders Bet on Biggest Fed Shift in Decades on Credi  ( 40 min )

Bill Gates is eyeing a bid to build Britain’s first mini-nuclear reactor in a direct challenge to Rolls-Royce which is scrambling to secure a government contract.  ( 38 min )

Berkshire Hathaway CEO Warren Buffett doesn’t have good news for you. "In the general economy, the feedback we get is that perhaps the majority of our businesses will actually report lower earnings this year than last year," Buffett said at Berkshire’s annual shareholders meeting on Saturday.  ( 46 min )

A fast-approaching deadline for the US government to raise the nation's borrowing limit should draw increased investor attention this week and over the balance of the month as earnings season winds down and the next Fed decision remains six weeks off.  ( 42 min )

The FDIC's standard insurance covers up to $250,000 per depositor, per bank, for every account ownership category.  ( 42 min )

(Bloomberg) -- Investors are bailing on preferred shares at a historic clip because of the growing concern about the health of US regional banks. Most Read from BloombergBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresJustice Thomas Ethics Review Questioned by US Court Leader in 2012Russia Says It Has Billions of Indian Rupees That It Can’t UseKimora Lee Says $93 Million US Wants From Tim Leissner Is HersKing Charles Crowned in Spectacle Marking Turning Point for UKA $12.2 billio  ( 40 min )

Find out which stocks are the largest positions in Warren Buffett's portfolio.  ( 24 min )

Investors are always on the lookout for a reliable tool to separate the true sound stocks from those that are just riding the tide. That’s a job tailor-made for the Smart Score, a comprehensive data tool that collects and collates the aggregated data of the stock market – and returns a simple score for each of thousands of stocks. The Smart Score uses a set of sophisticated AI algorithms to evaluate every stock by a set of 8 factors – and the factors are all known to match up with future outperf  ( 42 min )

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After a grantor passes away, becoming the trustee can be daunting, especially if you're responsible for distributing property. Houses are among the most valuable assets in a family for financial and sentimental reasons. Therefore, it's critical to understand how to … Continue reading → The post How to Transfer Property Out of a Trust After Death appeared first on SmartAsset Blog.  ( 41 min )

Are you maxing out the 401(k) plan you have at work every year? Do you still have money left for saving and investment after contributing the maximum to your 401(k) and maybe an IRA or two? If so, then you … Continue reading → The post Executive Deferred Compensation Plans appeared first on SmartAsset Blog.  ( 40 min )

When you're saving for retirement, there are a variety of accounts you could use. The Roth IRA, or individual retirement account, is one of those options. Roth IRAs offer more investment flexibility, as well as their own tax benefits. Understanding … Continue reading → The post Capital Gains Tax for Roth IRAs appeared first on SmartAsset Blog.  ( 40 min )

The Roth IRA has been called "the Swiss Army knife" of personal finance because of its flexibility and the tax-free status of its earnings. That's the reason so many retiring workers move to roll their workplace 401(k) accounts into a … Continue reading → The post Doing a Roth Rollover? Beware the 5-Year Rule appeared first on SmartAsset Blog.  ( 40 min )

It can pay to be a responsible rental property owner. For instance, if you're always investing in your rental property and making improvements, not only will your tenants appreciate it and remain tenants longer, you can get a depreciation deduction … Continue reading → The post How to Avoid Depreciation Tax on Rental Property appeared first on SmartAsset Blog.  ( 40 min )

Investing money can help you build wealth, but taxes can take a big bite out of your earnings. Following a buy, borrow, die strategy is one way to minimize your tax liability and preserve more of your wealth. The concept … Continue reading → The post Buy, Borrow, Die: How the Rich Avoid Taxes appeared first on SmartAsset Blog.  ( 41 min )

Online apps, led by Apple, provide high-interest alternatives for deposit customers—even if they're not wary of the banking industry's recent turmoil.  ( 21 min )

Single-family rentals saw a 6% increase at the close of the first quarter of 2023 compared to the same period in 2022.  ( 39 min )

New York State Teachers’ Retirement System sold Electronic Arts and HP stock, and initiated an investment in Autoliv in the first quarter.  ( 22 min )

The pandemic ushered in an era of ‘quiet quitting’ and ‘bare minimum Mondays’ but workers have since lost leverage  ( 39 min )

BofA has five ideas based on an analysis of asset returns in the three months after 10 “last hikes” of the past 50 years.  ( 22 min )

The CEOs of Brooks Running, Dairy Queen, and See's Candies see big advantages to being part of Berkshire Hathaway. That will continue once Greg Abel succeeds Warren Buffett.  ( 23 min )

Vietnam has long benefited from efforts to keep costs low as wages have risen in China, but the latest shift is broader and offers more opportunites.  ( 22 min )

Here is your Pro Recap of the biggest head-turning deal dispatches you may have missed this week: more market-moving headlines in regional banks Western Alliance and PacWest; JPMorgan officially picks up First Republic; First Horizon and TD Bank drop their planned merger; and Arconic gets taken out by Apollo. The regional bank shares experienced turbulence this week.  ( 39 min )

First Republic Bank’s failure demonstrates why lenders are vulnerable to a loss of faith.  ( 27 min )

Stock declines have wiped out billions of dollars of paper gains meant for big-ticket expenses.  ( 21 min )

Investors are shying away from risk, turning to defensive stocks and Treasurys, yet they appear equally worried about missing out on a potential stock-market rally.  ( 27 min )

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Between March and early May, money managers added heavily to their exposure to gold futures. Interest in Bitcoin has gone the opposite direction.  ( 22 min )

Across Ukraine, the war has forced grain growers into a vicious dilemma. Farmers in areas now free from Russian occupation are risking their lives to strip their land of explosives before the critical spring planting season. The dual crisis is causing many farmers to cut back on sowing crops.  ( 47 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

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(Bloomberg) -- China added to its gold reserves for a sixth straight month, extending a flurry of purchases as central banks around the world expand their holdings of bullion amid escalating geopolitical and economic risks.Most Read from BloombergBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresKimora Lee Says $93 Million US Wants From Tim Leissner Is Hers‘We Just Want Someone Sane’: What Happens When a Small Town Goes MAGABank Stocks Nearing a Crisis-Era Threshold Raises Warning  ( 38 min )

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(Bloomberg) -- The growing likelihood of a US recession and a pause in the Federal Reserve’s rate hikes is reshaping the global landscape, and prompting Asia’s stock pickers to recalibrate their bets.Most Read from BloombergJustice Thomas Ethics Review Questioned by US Court Leader in 2012Russia Says It Has Billions of Indian Rupees That It Can’t UseKing Charles Crowned in Spectacle Marking Turning Point for UKKimora Lee Says $93 Million US Wants From Tim Leissner Is HersBiden Not Ready Yet to I  ( 39 min )

A Keogh plan is a tax-deferred pension plan available to self-employed individuals or unincorporated businesses for retirement purposes.  ( 20 min )

A long-term capital gain or loss comes from a qualifying investment that was owned for longer than 12 months before being sold.  ( 21 min )

Our comprehensive guide to the American Express Membership Rewards program.  ( 30 min )

Statistics is the collection, description, analysis, and inference of conclusions from quantitative data. People who do statistics are referred to as statisticians.  ( 28 min )

Volume refers to the number of shares or contracts traded in an asset or security over a period of time, usually over the course of a trading day.  ( 25 min )

Greg Abel is the next-in-line to be the Berkshire Hathaway CEO when Warren Buffet steps down or passes away.  ( 24 min )

A bank run is when many customers withdraw their deposits simultaneously over concerns about the bank's solvency. Learn what governments do to try to prevent bank runs.  ( 26 min )

Learn more about the interactions between commodity, bond, stock, and currency markets.  ( 21 min )

Find out which stocks are the largest positions in Warren Buffett's portfolio.  ( 24 min )

Sector rotation is the movement of money in the stock market from one industry to another as investors anticipate the next stage of the economic cycle.  ( 19 min )

The five percent rule requires brokers to use fair and ethical practices when setting commission rates on over-the-counter​​​​​​​ transactions.  ( 19 min )

Credit card debt is growing fast, and one possible reason is that more people are putting more expenses on plastic because they can’t cover all their bills with cash.  ( 16 min )

A simple-interest mortgage is a home loan where interest is calculated on a daily basis instead of a monthly basis.  ( 21 min )

Online apps, led by Apple, provide high-interest alternatives for deposit customers—even if they're not wary of the banking industry's recent turmoil.  ( 20 min )

Sales price variance is the difference between the price a business expects to sell its products or services for and what it actually sells them for.  ( 18 min )

A warehouse-to-warehouse clause in an insurance policy provides financial protection of cargo in transit, from the origin to the destination warehouse.  ( 19 min )

The fat man strategy is a defensive move against a company buyout. It involves bulking up with assets and debt to make it an unattractive target.  ( 18 min )

Scaling out is selling portions of the total shares held while the price increases.  ( 18 min )

Country club billing is a former system that credit card companies used until the 1970s involving sending copies of original sales drafts to cardholders.  ( 17 min )

A focus list is a list of recommended stocks published by an investment firm's research department. It's typically a short list of their best trade ideas.  ( 19 min )

Augmented reality (AR) is the modification of a real-life environment by the addition of sound, visual elements, or other sensory stimuli.  ( 19 min )

Peer perform is an investment rating that sell-side analysts use when a given security provides returns consistent with those of other companies in its sector.  ( 18 min )

Your mortgage interest rate depends on a variety of factors, including the type of loan (fixed or adjustable) and the loan term (such as 30 years). Learn more.  ( 25 min )

Online apps, led by Apple, provide high-interest alternatives for deposit customers—even if they're not wary of the banking industry's recent turmoil.  ( 1 min )

De spaarrentes zijn in een jaar tijd omhoog gekropen, nadat de Europese Centrale Bank (ECB) stap voor stap het rentetarief is gaan verhogen. Sparen is zo iets aantrekkelijker geworden. Maar de rentes gaan traag omhoog en door de inflatie word je van sparen nog lang niet slapend rijk.  ( 7 min )

Hoewel ze in de kinderopvang schaars zijn, wordt er nauwelijks ingezet op het vinden van mannen die een switch naar de kinderopvang willen maken. Dat is jammer, vindt Gjalt Jellesma, voorzitter van de Belangenvereniging van Ouders in de Kinderopvang. "Want meer mannen op de werkvloer, dat is juist een verrijking."  ( 6 min )

A budget deficit occurs when expenditures exceed revenue and is the term commonly used to refer to government spending and national debt.  ( 23 min )

M1 Finance and Betterment are top robo-advisors that offer different services. M1's forté is automated investing, without advice. Betterment offers automated investing and financial planning.  ( 27 min )

A qualified dividend is a payment to owners of stock shares that meets the IRS criteria for taxation at the capital gains tax rate.  ( 25 min )

Warren Buffet's conglomerate saw its Apple investment and insurance business adding to gains, while cash continued to pile up amid a dealmaking drought.  ( 17 min )

Can you contribute to a 401(k) and Roth IRA? The short answer is yes, but make sure that you understand these rules, regulations, and limitations.  ( 24 min )

Bitcoin halving explained. Find out about Bitcoin's halving process works and what it means for Bitcoin's price and its users.  ( 22 min )

Cryptocurrencies continue to gain traction with investors around the world. Explore how leading countries are regulating the emerging asset class.  ( 28 min )

Sales usually drop in April, after peaking in March; this year the Spring peak has yet to arrive.  ( 17 min )

Prince Harry and Meghan Markle have made millions through lucrative business and media deals since stepping down as senior members of the British royal family.  ( 19 min )

Casino operator MGM Resorts (MGM) beat expectations for first-quarter net income and revenue as the company benefited from higher traffic in its Las Vegas and Macau resorts.  ( 17 min )

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The Pacer Emerging Markets Cash Cows 100 ETF (NASDAQ:ECOW) is the ETF in the Cash Cows family that covers emerging market equities. With a yield of 6.7% and a focus on emerging market companies that sport high free cash flow yields, the ETF looks attractive and has outperformed some of the other major emerging markets ETFs in recent years. Therefore, let’s take a closer look at ECOW. Cash Rules Everything Around Me We’ve recently covered some of the other Cash Cows, like the popular Pacer US Cas  ( 42 min )

(Bloomberg) -- Warren Buffett faced question after question about one thing in particular at Berkshire Hathaway Inc’s annual meeting on Saturday: His successor. Most Read from BloombergJustice Thomas Ethics Review Questioned by US Court Leader in 2012Russia Says It Has Billions of Indian Rupees That It Can’t UseKing Charles Crowned in Spectacle Marking Turning Point for UKKimora Lee Says $93 Million US Wants From Tim Leissner Is HersBiden Not Ready Yet to Invoke 14th Amendment to Avoid US Defaul  ( 41 min )

The Oracle of Omaha made it clear that he is still cautious about holding many bank stocks amid the recent volatility.  ( 41 min )

Warren Buffett's company was a net seller of stocks, boosted its buybacks, and grew its cash pile in the first quarter.  ( 39 min )

Despite speculation, Berkshire Hathaway doesn't want to own a controlling share of Occidental Petroleum, Warren Buffett said on Saturday.  ( 40 min )

For those new to the scene, WiR is TechCrunch's regular newsletter that recaps the biggest tech stories over the past few days. Before we get into the meat of the thing, a quick reminder that TC City Spotlight: Atlanta is fast approaching. On June 7, TechCrunch is headed to Atlanta, where we'll host a pitch competition, a talk on the economics of equality, a panel discussion on investing in the Atlanta ecosystem and more.  ( 42 min )

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Berkshire Hathaway (ticker: BRK.A, BRK.B) isn’t likely to invest in shares of automakers like General Motors (GM) or Ford Motor (F), CEO Warren Buffett said at the company’s annual shareholders’ meeting on Saturday. “Charlie \[Munger\] and I have long felt that the auto business is just too tough,”  ( 27 min )

Berkshire Hathaway (ticker: BRK.A, BRK.B) has nearly $130 billion in cash and Treasury bills on its balance sheet. There’s ongoing speculation about what the company might do with all that dry powder. At Berkshire’s annual shareholders’ meeting on Saturday, CEO Warren Buffett said that he would rat  ( 28 min )

(Bloomberg) -- Berkshire Hathaway Inc. won’t make an offer for full control of Occidental Petroleum Corp., Warren Buffett said on Saturday. Most Read from BloombergJustice Thomas Ethics Review Questioned by US Court Leader in 2012Russia Says It Has Billions of Indian Rupees That It Can’t UseKing Charles Crowned in Spectacle Marking Turning Point for UKKimora Lee Says $93 Million US Wants From Tim Leissner Is HersBiden Not Ready Yet to Invoke 14th Amendment to Avoid US DefaultThe company may or m  ( 38 min )

(Bloomberg) -- US inflation data in the coming week will provide clues about whether the Federal Reserve can pause its series of interest-rate hikes at next month’s meeting. Most Read from BloombergJustice Thomas Ethics Review Questioned by US Court Leader in 2012Russia Says It Has Billions of Indian Rupees That It Can’t UseKing Charles Crowned in Spectacle Marking Turning Point for UKKimora Lee Says $93 Million US Wants From Tim Leissner Is HersBiden Not Ready Yet to Invoke 14th Amendment to Av  ( 41 min )

(Bloomberg) -- Fresh fears over a recession-inducing credit crunch are spurring bond bulls to ramp up bets that the Federal Reserve will embark on the most abrupt policy shift in almost four decades.Most Read from BloombergJustice Thomas Ethics Review Questioned by US Court Leader in 2012Russia Says It Has Billions of Indian Rupees That It Can’t UseKing Charles Crowned in Spectacle Marking Turning Point for UKKimora Lee Says $93 Million US Wants From Tim Leissner Is HersBiden Not Ready Yet to In  ( 39 min )

Warren Buffet's conglomerate saw its Apple investment and insurance business adding to gains, while cash continued to pile up amid a dealmaking drought.  ( 18 min )

At least one child is usually selected to ask the storied investor a question during the annual meeting.  ( 22 min )

CEO Warren Buffett addressed Berkshire Hathaway’s (ticker: BRK.A, BRK.B) investment in Paramount Global (PARA) at the company’s annual shareholders’ meeting in Omaha on Saturday. The media company is in the midst of an expensive transition from legacy businesses in cable TV and movies to a streaming  ( 24 min )

Warren Buffett gives a thumbs up on Bank of America stock even as Berkshire has pared back its investments in the financial sector in the last few years.  ( 40 min )

Crypto is fast becoming a hot topic among expected 2024 U.S. Presidential candidates.  ( 39 min )

Berkshire's entire equity security holdings don't account for a third of the company's entire assets.  ( 40 min )

Mayer, like Blockbuster executives, would later regret her thinking on Netflix.  ( 39 min )

Can you contribute to a 401(k) and Roth IRA? The short answer is yes, but make sure that you understand these rules, regulations, and limitations.  ( 24 min )

Warren Buffett to investors: In business, it's best not let your emotions get ahead of you.  ( 40 min )

(Bloomberg) -- Markets may have just survived the last of the most aggressive rate hikes in four decades. Few on Wall Street are celebrating.Most Read from BloombergJustice Thomas Ethics Review Questioned by US Court Leader in 2012King Charles Crowned in Spectacle Marking Turning Point for UKRussia Says It Has Billions of Indian Rupees That It Can’t UseKimora Lee Says $93 Million US Wants From Tim Leissner Is HersSEC Investigates Trades by First Republic Executives Before Sale to JPMorganIf Wedn  ( 40 min )

CEO Warren Buffett sold Berkshire Hathaway’s (ticker: BRK.A, BRK.B) more-than $4 billion stake in Taiwan Semiconductor Manufacturing Company (TSM) only a few months after acquiring the shares late last year. The Taiwanese semiconductor maker is the world’s leading producer of cutting-edge chips. Bu  ( 25 min )

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The Berkshire CEO said if the US government had not protected all depositors at Silicon Valley Bank, it would have disrupted the world's financial system.  ( 39 min )

Cryptocurrencies continue to gain traction with investors around the world. Explore how leading countries are regulating the emerging asset class.  ( 28 min )

Legendary value investors Warren Buffett and Charlie Munger see divergent paths for value investors in the coming years. The Berkshire Hathaway (ticker: BRK.A, BRK.B) managers were responding to shareholders’ questions at the company’s annual meeting in Omaha on Saturday. “I think value investors a  ( 28 min )

Warren Buffett kicked off the Berkshire Hathaway annual meeting with a read on the US economy.  ( 39 min )

These investment vehicles work like regular IRAs, but with some additional regulations  ( 25 min )

Warren Buffett and right-hand man Charlie Munger are scheduled to answer roughly 60 questions from the public during the company’s annual meeting.  ( 26 min )

(Bloomberg) -- Speculators are once again fleeing the oil market, setting the stage for more extreme price swings. Most Read from BloombergJustice Thomas Ethics Review Questioned by US Court Leader in 2012Russia Says It Has Billions of Indian Rupees That It Can’t UseKing Charles Crowned in Spectacle Marking Turning Point for UKSEC Investigates Trades by First Republic Executives Before Sale to JPMorganPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveMoney managers dumped th  ( 39 min )

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Getting your financial footing can be a challenge when you're young, especially if you have student loan payments or a new mortgage make you feel penniless. However, it's never too early to start financial planning. By creating a budget, improving … Continue reading → The post 10 Financial Planning Tips for Young Adults appeared first on SmartAsset Blog.  ( 42 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

There are many types of savings accounts. Money market accounts can earn higher interest rates than traditional savings accounts. But CDs can often earn even higher rates. However, there are pros and cons to each type of account that goes … Continue reading → The post Which Savings Account Will Earn You the Most Money? appeared first on SmartAsset Blog.  ( 40 min )

The basic concept of retirement is straightforward. If you work a certain number of years and then you are able to stop working and simply enjoy life. What's not so simple is knowing how many years you have to work … Continue reading → The post How Many Years Do You Have to Work to Retire? appeared first on SmartAsset Blog.  ( 40 min )

In recent months the FDIC has managed two of the largest bank failures in U.S. history. The collapse of Silicon Valley Bank (SVB) and Signature Bank happened shockingly fast. And First Republic wasn't far behind. Consumers have plenty of questions, as … Continue reading → The post Is My Money Safe in the Bank? appeared first on SmartAsset Blog.  ( 41 min )

There's a lot to consider when it comes to retirement planning, starting with what kind of lifestyle you'd like to enjoy. For some retirees, it involves travel. For others, it can mean moving to a new location to be closer … Continue reading → The post How to Determine Your Retirement Lifestyle appeared first on SmartAsset Blog.  ( 41 min )

Behind the royal wealth is a booming real-estate portfolio of bucolic farms, wholesale warehouses and prime London offices that has helped cover a royal spending spree.  ( 22 min )

The Warren Buffett-led conglomerate bought back $4.4 billion of stock in the period, up from the fourth quarter but below 2020 and 2021 levels.  ( 22 min )

(Bloomberg) -- Berkshire Hathaway Inc. bought back $4.4 billion of stock, an increase from the same period last year, as Warren Buffett’s sprawling conglomerate confronted turbulent markets that offered fewer of the blockbuster deals the investor is renowned for.Most Read from BloombergRussia Says It Has Billions of Indian Rupees That It Can’t UseJustice Thomas Ethics Review Questioned by US Court Leader in 2012Peter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveSEC Investigat  ( 38 min )

Investors are turning to these cash-equivalent investments, some of which are yielding 5% or more. But it pays to have a strategy beyond fear.  ( 26 min )

A part-time job is like temporarily having a bigger nest egg while splurging on that luxury SUV will lower your spending for your entire retirement.  ( 22 min )

Consider the fax machine: All kinds of new tech roles are on the way in, and admin roles are out. There's still time to pivot.  ( 39 min )

PepsiCo said it will raise its quarterly payout to $1.265 a share, an increase of 10% from $1.15.  ( 23 min )

A look at the health of six regional banks.  ( 20 min )

In a storage room in Buenos Aires, an Argentinian investigator made a discovery that would reverberate through a boardroom more than 7,000 miles away.  ( 40 min )

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"As for rupees, this is a problem because there are billions of rupees accumulated in accounts at Indian banks and we need to use this money."  ( 38 min )

Voorspellen of er een recessie aankomt is geen exacte wetenschap. Toch zijn er een aantal punten waarop economen kunnen letten, zoals het aantal werklozen en uitgaven van huishoudens. Wat kunnen deze gegevens ons vertellen over een mogelijke recessie?  ( 3 min )

Transavia moest de afgelopen weken tientallen vluchten schrappen en ook de komende tijd zitten reizigers nog in onzekerheid. De vliegmaatschappij houdt veel toestellen aan de grond, waardoor vele duizenden vakantiegangers zijn gedupeerd. Wat gaat er mis?  ( 4 min )

De vakbonden FNV Metaal en CNV Vakmensen hebben voor maandag en dinsdag een tweedaagse staking bij de Limburgse autofabriek Nedcar aangekondigd. Eigenaar VDL heeft een ultimatum over een sociale regeling voor het personeel laten verlopen.  ( 3 min )

Het laatste weekend van de meivakantie verloopt tot nu toe zonder problemen op Schiphol. De luchthaven verwacht zaterdag veel mensen die terugkeren van vakantie. Maar de drukte leidt niet tot hele lange rijen.  ( 3 min )

In hetzelfde weekend dat Duitsland het hoofdstuk kernenergie definitief afsloot, opende Finland een nieuwe kerncentrale. De interesse in nucleaire energie groeit in Europa, net als de discussie erover. "Europese grootmachten staan lijnrecht tegenover elkaar."  ( 4 min )

In hetzelfde weekend dat Duitsland het hoofdstuk kernenergie definitief afsloot, opende Finland een nieuwe kerncentrale. De interesse in nucleaire energie groeit in Europa, net als de discussie erover. "Europese grootmachten staan lijnrecht tegenover elkaar."  ( 4 min )

U.S. equities jumped higher on May 5, 2023, as shares of regional banks bounced back from the previous day's losses.  ( 1 min )

Online used car retailer Carvana (CVNA) posted better-than-expected results and said its adjusted earnings would be positive for the current quarter.  ( 1 min )

Banking turmoil continues, rates were still raised, and the risk/reward argues for waiting to but the stock market.  ( 23 min )

After OPEC cut output in April, most observers expected oil prices to rise. Instead, a slower Chinese recovery sent prices sliding. The question now: How will OPEC react?  ( 23 min )

It's unclear who owns the company, though industry experts have suggested it is likely tied to Rosneft, Russia's largest state-run oil firm.  ( 39 min )

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Despite the success of its streaming business, the media company’s revenue fell in the first quarter.  ( 26 min )

(Bloomberg) -- Kimora Lee, the former model and ex-wife of former Goldman Sachs Group Inc. banker Tim Leissner, is claiming shares worth around $93 million that he was ordered to forfeit as part of his 1MDB guilty plea actually belong to her.Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveHeavy Marijuana Use Increases Schizophrenia in Men, Study FindsApple Buoys Wall Street, Keeping Doubts on Future Growth at BayJPMorgan Sees Investors Moving to Gol  ( 39 min )

Altman said one of the tech industry's biggest mistakes was thinking "startups didn't need to be together."  ( 39 min )

All the rules say the U.S. should be in recession, but a billionaire investor says it's being contained to the rich.  ( 40 min )

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Smartphone shipments were down 13% in the first quarter industrywide, but Apple still managed to grow its iPhone sales.  ( 22 min )

(Bloomberg) -- Braskem SA, one of the world’s top petrochemicals makers, received an offer of as much as 37.5 billion reais ($7.6 billion) from Abu Dhabi National Oil Co. and Apollo Global Management, according to people familiar with the matter. Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveHeavy Marijuana Use Increases Schizophrenia in Men, Study FindsApple Buoys Wall Street, Keeping Doubts on Future Growth at BayBMW Warns Owners ‘Do Not Drive’  ( 39 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

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Lower oil prices have played out in tandem with the regional banking turmoil.  ( 39 min )

U.S. stocks closed Friday's trading session sharply higher as investors digested the Labor Department's closely watched April jobs report, which showed the U.S. labor market remains strong. Revisions for February and March numbers gave Wall Street hope the Fed would pause its rate hikes.  ( 41 min )

In some important ways, the Chinese economy has lagged the US in recent years. The country held on to anti-COVID lockdown policies much longer than most others, but after nearly three years of restrictions it has finally been opening up. The result is a strong surge in growth, according to recent Chinese government data. The country’s GDP grew 4.5% in 1Q23, compared to 2.9% in 4Q22. A particular strength noted in the Chinese data was the 10.6% increase in March’s retail sales. Weaknesses include  ( 43 min )

Amateur traders are making new bets against regional bank stocks as volatility continues to roil the industry.  ( 41 min )

Nanobiotix (NASDAQ: NBTX) shares gained more than 200% on Friday trading after it entered into final contract negotiations with a major global pharmaceutical company. In its Q4 earnings release, Nanobiotix raised going concerns. The company noted net losses of €57.0 million in 2022 and a net decrease in cash and cash equivalents of €42.5 million in 2022. Nanobiotix stock is gaining on heavy volume, with a session volume of 30.262 million shares traded. The company agreed to a non-binding term sh  ( 38 min )

The company was famous for its personalized meal plans and celebrity endorsements.  ( 25 min )

(Bloomberg) -- Friday’s staggering rally in the shares of beleaguered regional banks may have a simple explanation: short-covering. Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveHeavy Marijuana Use Increases Schizophrenia in Men, Study FindsApple Sees Biggest Rally of the Year After Sales Top EstimatesJPMorgan Sees Investors Moving to Gold, Tech Amid Recession RiskBMW Warns Owners ‘Do Not Drive’ 90,000 Cars Recalled Over Defective AirbagThe $2.7 b  ( 40 min )

(Bloomberg) -- US consumer borrowing increased in March by more than expected on one of the largest spikes in credit-card balances on record.Most Read from BloombergRussia Says It Has Billions of Indian Rupees That It Can’t UseJustice Thomas Ethics Review Questioned by US Court Leader in 2012SEC Investigates Trades by First Republic Executives Before Sale to JPMorganPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveThe 29 Credit Card Perks You’re Probably Not UsingTotal cred  ( 38 min )

The one thing missing from Apple's earnings call? A sense of AI hype.  ( 40 min )

Should Boeing buy back Spirit? The question is rippling through the aerospace industry.  ( 16 min )

The home improvement market’s traditionally strong spring season has been a lackluster one.  ( 23 min )

Shares of PacWest Bancorp (NASDAQ: PACW) are trading higher amid a rebound after the stock fell over 50% when the bank issued an update this week confirming reports it was weighing strategic options. What Happened? PacWest Bancorp on Wednesday issued a business update, confirming reports indicating it was weighing strategic options. The bank said potential partners and investors have approached it and "will continue to evaluate all options to maximize shareholder value." The news pressured the b  ( 38 min )

EY-Parthenon's Gregory Daco reveals what's going on with the American worker's worst slump of the post-World War II era. It's not all about remote work, he says.  ( 41 min )

IBM CEO Arvind Krishna announced a hiring pause, but that’s not all. He also stated the company plans to replace nearly 8,000 jobs with AI. Krishna noted that back-office functions, specifically in the human resources (HR) sector, will be the first to face these changes. See Next: Gamers Making Thousands Selling Gaming Skins And Assets: Gameflip's Bold Vision For The Future Of Gaming Commerce The transition will happen gradually over the next few years, with machines potentially taking over up t  ( 39 min )

The firm said it is seeing fewer people move their money into better-yielding accounts to take advantage of higher interest rates.  ( 22 min )

Advanced Micro Devices, Inc (NASDAQ: AMD) shares are trading higher since reports surfaced claiming the chipmaker is working with Microsoft Corp (NASDAQ: MSFT) on Nvidia Corp (NASDAQ: NVDA) AI processor alternative. Reportedly, Microsoft, heavily invested in OpenAI's ChatGPT, is helping fund AMD's AI ambition shortly after AMD CEO Lisa Su shared its "big bet" on the generative AI boom in an interview on CNBC's "Squawk On The Street." This week, AMD reported its upbeat first-quarter earnings, fol  ( 38 min )

Banks are borrowing at and charging high interest rates in lockstep with the Federal Reserve. Why aren't they offering that to their depositors?  ( 20 min )

Midsize and small banks still nurse heavy losses for the week, which started with the collapse of First Republic.  ( 34 min )

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(Bloomberg) -- Argentines withdrew over $1 billion of US dollar deposits from the banking system from late March to the end of April as speculation spread about a potential currency devaluation in the official exchange rate.Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveApple Sees Biggest Rally of the Year After Sales Top EstimatesJPMorgan Sees Investors Moving to Gold, Tech Amid Recession RiskHeavy Marijuana Use Increases Schizophrenia in Men, Stu  ( 38 min )

Kraft Heinz CEO Miguel Patricio reveals his secret sauce powering the food giant's turnaround.  ( 41 min )

Boycotts can “definitely” have an impact on a company’s public image, but experts say there is less evidence they have a long-term impact on revenue.  ( 41 min )

A JPMorgan rating increase has provided a boost to the sector.  ( 26 min )

The Oracle of Omaha sold a large portion of Berkshire’s holdings in US banks between 2020 and 2022, some just months before the banking system upheaval that began in mid March.  ( 43 min )

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At 68, I do not have any investments of any kind. My $80,000 condo is paid off, and I have $60,000 saved. Am I too late? -Bernhard It's never too late to start investing and managing your money. But I … Continue reading → The post Ask an Advisor: ‘Am I Too Late?' I'm 68, Have No Investments and Only Have $60K Saved appeared first on SmartAsset Blog.  ( 39 min )

The sports betting company posted an adjusted loss of 51 cents a share for the quarter, narrower than the 70-cent loss analysts had forecast.  ( 22 min )

(Bloomberg) -- The Federal Reserve may be signaling its willingness to pause rate hikes, but Bank of America Corp.’s Michael Hartnett says it’s not yet time to buy equities as outflows accelerate amid elevated inflation and recession fears. Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveApple Sees Biggest Rally of the Year After Sales Top EstimatesHeavy Marijuana Use Increases Schizophrenia in Men, Study FindsJPMorgan Sees Investors Moving to Gold,  ( 40 min )

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Beaten-down Carvana shares are surging on Friday after the largest online used car retailer in the country said it will report a profit in the 2nd quarter.  ( 39 min )

American Express CEO Stephen Squeri has formed a tight bond with the company's largest shareholder Warren Buffett.  ( 41 min )

(Bloomberg) -- Bolivian bonds jumped after the country’s Senate approved late Thursday a central bank bill that would allow the government to monetize its gold reserves, a key step to ease a dollar shortage and tame a growing financial crisis.Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveApple Sees Biggest Rally of the Year After Sales Top EstimatesJPMorgan Sees Investors Moving to Gold, Tech Amid Recession RiskHeavy Marijuana Use Increases Schizo  ( 38 min )

New U.S. legislation points to the world being short of copper in a few years. A few big mining firms could be huge beneficiaries.  ( 28 min )

On the heels of cooling inflation, the Federal Reserve announced Wednesday an increase in interest rates, as widely anticipated. The key rate has gone up by 25 basis points, bringing it to a range of 5% to 5.25%, which is the highest in 16 years. While Fed Chair Jerome Powell indicated a pause to the rate hikes might be on the menu in June, the probability for any rate cuts seems unlikely for now, at least until inflation starts showing signs it really is on the backfoot. Although this measure m  ( 42 min )

If you're thinking of retiring early, you may be wondering how much you need to retire at age 55. The exact amount of income you should have put away is going to depend on different factors. But if you want … Continue reading → The post How Much Do You Need to Retire at 55? appeared first on SmartAsset Blog.  ( 40 min )

A $10 million nest egg will pay for a comfortable retirement for the majority of retirement savers. However, whether that much is enough to fund any specific retiree's golden years depends on a number of factors. This includes pre-retirement lifestyle … Continue reading → The post Is $10 Million Enough to Retire? appeared first on SmartAsset Blog.  ( 39 min )

There are several metrics you can use to evaluate whether a rental property investment has potential, including the 2% rule. The 2% rule in real estate dictates that a property's rental income should be at least 2% of the purchase … Continue reading → The post What Is the 2% Rule in Real Estate? appeared first on SmartAsset Blog.  ( 41 min )

You are required to report and pay federal taxes on any interest income you receive from a savings account. The income is taxed as unearned, which means you'll escape payroll taxes, but you will owe federal income tax on it … Continue reading → The post How Savings Accounts Are Taxed appeared first on SmartAsset Blog.  ( 40 min )

Openly discussing the topic can be uncomfortable. But you've probably wondered who can be considered truly rich and whether you fit that definition (or ever will). According to Schwab's 2022 Modern Wealth Survey, the average American thinks being rich means … Continue reading → The post How Do You Know If You Are Rich? appeared first on SmartAsset Blog.  ( 41 min )

Berkshire Hathaway's annual meeting couldn't come at a better time. With so much up in the air, everyone wants to know what Buffett will say.  ( 40 min )

The amount you collect from an annuity depends on when you invest, the return your specific annuity offers and the details of your particular contract. As a result, it's difficult to provide a specific answer to what any single person … Continue reading → The post How Much Would a $1 Million Annuity Pay? appeared first on SmartAsset Blog.  ( 42 min )

A Roth Individual Retirement Account (IRA) can offer tax benefits in the form of tax-free withdrawals in retirement. If you have a traditional IRA or 401(k), you can use a Roth conversion to change the tax status of your retirement … Continue reading → The post How Many Roth Conversions Can You Make Per Year? appeared first on SmartAsset Blog.  ( 41 min )

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The indebted movie theater chain said it raised $155 million of cash through the sale of AMC Preferred Equity Units, or APEs, in the first quarter and it kept selling them in the current quarter.  ( 22 min )

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(Bloomberg) -- Carvana Co.’s shares surged after the debt-ridden automobile retailer said it expected to report a profit this quarter following a string of losses.Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveChina Takes the Yuan Global in Bid to Repel a Weaponized DollarTD, First Horizon End $13 Billion Merger as Regulators StallApple’s iPhone Bounces Back, Helping Sales Top EstimatesZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinThe c  ( 39 min )

U.S. stock futures rose Friday morning as investors await the Labor Department's closely watched April jobs report, set for release at 8:30am ET.  ( 41 min )

Super Micro Computer (SMCI) shares are up a staggering 66% in 2023. Raised guidance and big appetite for the shares tell the story.  ( 39 min )

Warner Bros. Discovery reported quarterly earnings before the bell on Friday. Here's what to know.  ( 40 min )

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Cynt Marshall is the first black woman to lead an NBA side—but it was never part of her plan.  ( 39 min )

Apple's better-than-expected fiscal second-quarter revenue is driven by strong iPhone sales, Carvana's first-quarter loss narrows, and results at Coinbase get a boost from Bitcoin's rally this year.  ( 22 min )

(Bloomberg) -- Crowded equity trades and possible policy remediation for US regional banks may bring an end to a trade that’s roiled broader markets but proved lucrative for some short sellers. Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveChina Takes the Yuan Global in Bid to Repel a Weaponized DollarApple Shares Rise After iPhone Bounces Back, Sales Top EstimatesHeavy Marijuana Use Increases Schizophrenia in Men, Study FindsTD, First Horizon End  ( 40 min )

(Bloomberg) -- A resort island off southern China, best known for its balmy weather and sandy beaches, has become the unlikely focus of Europe’s concerns over a booming waste-oil industry.Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveChina Takes the Yuan Global in Bid to Repel a Weaponized DollarTD, First Horizon End $13 Billion Merger as Regulators StallApple’s iPhone Bounces Back, Helping Sales Top EstimatesZelenskiy Denies Ukraine Sent Drones t  ( 39 min )

(Bloomberg) -- PacWest Bancorp led a rebound across US regional banking stocks following a bruising week of losses, amid escalating worries over the health of the industry following the recent collapse of several lenders.Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveChina Takes the Yuan Global in Bid to Repel a Weaponized DollarTD, First Horizon End $13 Billion Merger as Regulators StallApple’s iPhone Bounces Back, Helping Sales Top EstimatesHeavy  ( 39 min )

Russia has lost the leverage it once had. Europe has an excellent opportunity to retaliate, writes Borys Dodonov.  ( 32 min )

(Bloomberg) -- A top Greater China fund is joining Warren Buffett in voicing concerns over Taiwan Semiconductor Manufacturing Co.Most Read from BloombergChina Takes the Yuan Global in Bid to Repel a Weaponized DollarPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveTD, First Horizon End $13 Billion Merger as Regulators StallApple’s iPhone Bounces Back, Helping Sales Top EstimatesZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinUni-President Asset Management Corp.’s  ( 40 min )

Highly educated and highly-paid white-collar occupations may be most exposed to generative AI.  ( 22 min )

If Jamie Dimon was pondering a career change as a fortune-teller, he’d be wise to stick to the day job. On the other hand, if someone of Dimon’s stature could be so wrong about the banking turmoil that continues to sweep across the US, a cynic might ask whether he was still the right person to be running one of the world’s largest financial institutions, particularly when that organisation is right at the centre of Government-led efforts to prop up the whole system.  ( 40 min )

(Bloomberg) -- Lithium’s dramatic price slump has mining heavyweights chasing takeovers of companies with early stage or pre-production projects. But one giant is warning that offering high premiums for smaller miners comes with risks.Most Read from BloombergChina Takes the Yuan Global in Bid to Repel a Weaponized DollarPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveTD, First Horizon End $13 Billion Merger as Regulators StallApple’s iPhone Bounces Back, Helping Sales Top  ( 40 min )

Despite Berkshire Hathaway's outperformance relative to the S&P 500, one investor is calling for the removal of Warren Buffett as its chairman.  ( 40 min )

(Bloomberg) -- A senior software engineer at Google wrote a critique asserting that the internet search leader is losing its edge in artificial intelligence to the open-source community, where many independent researchers use AI technology to make rapid and unexpected advances.Most Read from BloombergChina Takes the Yuan Global in Bid to Repel a Weaponized DollarZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinTD, First Horizon End $13 Billion Merger as Regulators StallBank Drama Rages  ( 40 min )

There’s been an upsurge of positive sentiment recently, as the 1Q23 earnings reports have been better than expected. Late last week, with 53% of the S&P companies having reported, 79% had beaten the EPS estimates. This is a historically high number, above both the 5- and 10-year averages, and the aggregate beat, of 6.9%, is above the average beat of 6.4% over the past decade. Morgan Stanley’s chief investment officer Mike Wilson notes that this has investors expecting a ‘meaningful upward inflec  ( 42 min )

(Bloomberg) -- Apple Inc. chief Tim Cook singled out India on Thursday as pivotal for the iPhone maker, underscoring how the world’s most populous country is on the cusp of becoming both a major market and production base.Most Read from BloombergChina Takes the Yuan Global in Bid to Repel a Weaponized DollarZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinTD, First Horizon End $13 Billion Merger as Regulators StallBank Drama Rages On; Apple Climbs in Late Trading: Markets WrapPacWest Is  ( 39 min )

(Bloomberg) -- Alibaba Group Holding Ltd.’s international online shopping unit is exploring a US initial public offering as it weighs options to spur growth for the business that includes major e-commerce brands Lazada and AliExpress.Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveChina Takes the Yuan Global in Bid to Repel a Weaponized DollarTD, First Horizon End $13 Billion Merger as Regulators StallApple’s iPhone Bounces Back, Helping Sales Top E  ( 40 min )

A pension plan is an employee benefit that commits the employer to make regular payments to the employee in retirement.  ( 33 min )

The investor relations (IR) department is a division of a business whose job it is to provide investors with an accurate account of company affairs.  ( 24 min )

Online used car retailer Carvana (CVNA) posted better-than-expected results and said its adjusted earnings would be positive for the current quarter.  ( 16 min )

U.S. equities jumped higher on May 5, 2023, as shares of regional banks bounced back from the previous day's losses.  ( 16 min )

The Black-Scholes model is a mathematical equation used for pricing options contracts and other derivatives, using time and other variables.  ( 30 min )

Visa, American Express and JP Morgan rode a surge in the banking sector, while oil prices moved Chevron shares higher  ( 16 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 17 min )

See how the top nationwide rates on high-yield savings accounts are trending. Our rate data is checked daily for almost 100 financial institutions.  ( 17 min )

An overview of what is required to go to the Berkshire Hathaway Annual General Meeting.  ( 21 min )

A closed fund is a fund that is closed to investors, either temporarily or permanently. Learn why funds close and what this means to your investment.  ( 19 min )

Discover how mortgage lenders confirm your current employment situation. Also, learn what to do when employers refuse to verify employment.  ( 19 min )

Reducing the interest rate charged on your credit card balance is the first step to getting out of debt. Learn techniques to become debt-free.  ( 26 min )

Officials lay out principles on safety and security, while lawmakers, agencies look to rein in emerging AI technology.  ( 17 min )

First Republic Bank’s collapse was due to several factors, including its high levels of uninsured deposits and broader concerns about the stability of regional banks.  ( 26 min )

Rates on 30-year mortgages inched just slightly up, remaining near a three-week low. Movement on other averages was mixed, mostly by small increments.  ( 18 min )

Robinhood hiked the interest rate for its best customers' uninvested cash balances to 4.65% APY. That's great for a brokerage cash account, but you can earn more elsewhere.  ( 16 min )

Banks are borrowing at and charging high interest rates in lockstep with the Federal Reserve. Why aren't they offering that to their depositors?  ( 20 min )

Southwestern Energy, New York Community Bancorp, and First Solar are top stocks in Russell 1000 for value, growth, and momentum, respectively  ( 22 min )

A family of funds includes all of the funds managed by one investment company.  ( 18 min )

Learn how much time it takes for brokers to receive confirmation of different types of orders, such as buying and selling stock.  ( 22 min )

Lower first-quarter oil prices likely translated into declining profits for Houston-based Occidental Petroleum.  ( 17 min )

A house maintenance requirement is the level of minimum margin account equity that is required by a brokerage firm.  ( 21 min )

Whether you’re buying a car, a home, or paying for college, you may need more money for a purchase or a bill than you have in savings.  ( 18 min )

"In street name" is a slang term used to describe a brokerage that holds securities on behalf of a client.  ( 22 min )

Cost basis is the original value or purchase price of an asset or investment for tax purposes.  ( 29 min )

The new Chase Aeroplan World Elite Mastercard Credit Card offers a big sign-up bonus, bonus rewards on everyday spending categories, and other perks.  ( 19 min )

Use our amortization schedule calculator to estimate your monthly loan repayments, interest rate, and payoff date on a mortgage or other type of loan.  ( 18 min )

The predetermined delivery price of a forward contract, as agreed on and calculated by the buyer and seller.  ( 23 min )

The unemployment rate has remained between 3.4% and 3.7% for more than a year, despite fears that the labor market may succumb to interest rate pressures.  ( 16 min )

The Labor Department will release its monthly job report and the FDIC is reportedly planning to make big banks cover the fees for recent rescues. Here’s what investors need to know today.  ( 17 min )

FDIC is providing $228.2 billion in lending for Silicon Valley, Signature, and First Republic takeovers.  ( 18 min )

You can't go wrong with either E*TRADE or Fidelity, but Fidelity does do better with more competitive rates.  ( 24 min )

Learn more about sports investing before you dive into an investment related to your favorite teams. We've got the pros and cons of sports investing.  ( 21 min )

Southwestern Energy, New York Community Bancorp, and First Solar are top stocks in Russell 1000 for value, growth, and momentum, respectively  ( 1 min )

The Labor Department will release its monthly job report and the FDIC is reportedly planning to make big banks cover the fees for recent rescues. Here’s what investors need to know today.  ( 1 min )

U.S. equities indexes moved lower on May 4, 2023, on renewed concerns about the strength of the banking sector.  ( 1 min )

Ondanks de kostbare breuk met rapper Ye maakte adidas 60 miljoen euro winst in het eerste kwartaal van 2023. De CEO van het bedrijf noemt de stukgelopen samenwerking wel pijnlijk. Het kost adidas tot nu toe al zo'n 400 miljoen euro en levert veel kopzorgen op.  ( 1 min )

Ondanks de kostbare breuk met rapper Ye maakte adidas 60 miljoen euro winst in het eerste kwartaal van 2023. De CEO van het bedrijf vindt de stukgelopen samenwerking toch pijnlijk. Het kost adidas tot nu toe al zo'n 400 miljoen euro en het zorgt voor een hoop kopzorgen.  ( 3 min )

Turkse munten die op euro's lijken, zijn momenteel in omloop in Nederland. Wie met contant geld betaalt, moet daarom goed naar het wisselgeld kijken, waarschuwt De Nederlandsche Bank (DNB). De Turkse muntstukken zijn lang niet zoveel waard als euro's.  ( 3 min )

Het Tijdelijk Noodfonds Energie heeft in totaal meer dan 165.000 aanvragen binnengekregen voor energiesteun. Het fonds was een week langer beschikbaar omdat nog zoveel mensen vlak voor de deadline een aanvraag deden.  ( 3 min )

Marktprijzen voor basisvoedsel als suiker en vlees zijn voor het eerst sinds april 2022 gestegen. De stijging kan gevolgen hebben voor hoeveel geld we kwijt zijn in de supermarkt.  ( 3 min )

De inflatie zal pas in 2025 in rustiger vaarwater komen. De beoogde 2 procent wordt pas over twee jaar bereikt, verwacht Europese Centrale Bank-bestuurder François Villeroy de Galhau.  ( 4 min )

Nadat onlangs al drie banken in de Verenigde Staten kopje-onder waren gegaan, staan nu opnieuw enkele banken onder druk. Zo verloor PacWest donderdag meer dan de helft van zijn beurswaarde.  ( 4 min )

Techbedrijven hebben de morele plicht om ervoor te zorgen dat systemen voor kunstmatige intelligentie (AI) veilig zijn, vindt de Amerikaanse vicepresident Kamala Harris.  ( 4 min )

Vliegmaatschappij KLM vervoerde in de eerste drie maanden van dit jaar meer reizigers dan vorig jaar en wist ook zijn ticketprijzen op te voeren. Toch moest de vliegmaatschappij een operationeel verlies van 128 miljoen euro in de boeken zetten door gestegen kosten, onder meer door duurdere kerosine.  ( 4 min )

Apple heeft afgelopen kwartaal minder omzet gemaakt dan in dezelfde periode vorig jaar. Er gingen minder computers en tablets over de toonbank. De iPhone-producent verdiende nog wel meer geld aan de verkoop van iPhones en diensten zoals de verkoop van apps in de App Store.  ( 4 min )

In de eindfase van de omstreden kinderopvangtoeslag wil het kabinet de toeslag tweemaal verhogen om de opvang goedkoper te maken. In diezelfde periode vervalt een belastingvoordeel voor kersverse ouders. Hoewel de plannen nog niet definitief zijn, maakt de opvangsector zich zorgen: "Ouders zijn echt de dupe."  ( 6 min )

In twintig jaar is LinkedIn uitgegroeid van een digitale cv-database tot dé plek waar mensen lief en leed vanaf de werkvloer delen. De toon op het netwerk wordt steeds minder zakelijk. Maar niet iedereen zit daarop te wachten.  ( 6 min )

In de eindfase van de omstreden kinderopvangtoeslag wil het kabinet de toeslag tweemaal verhogen om de opvang goedkoper te maken. In diezelfde periode vervalt een belastingvoordeel voor kersverse ouders. Hoewel de plannen nog niet definitief zijn, maakt de opvangsector zich zorgen: "Ouders zijn echt de dupe."  ( 6 min )

FDIC is providing $228.2 billion in lending for Silicon Valley, Signature, and First Republic takeovers.  ( 1 min )

Shares of Paramount Global (PARA) slid 28% on May 4, 2023, as the company missed profit and revenue estimates and slashed its quarterly dividend.  ( 1 min )

Shares of Kenvue, the consumer health spinoff of Johnson & Johnson, jumped higher on May 4, 2023, their first day on the markets.  ( 1 min )

Credit card funding is using a credit card account to fund a new financial account or business venture.  ( 20 min )

Shares of Kenvue, the consumer health spinoff of Johnson & Johnson, jumped higher on May 4, 2023, their first day on the markets.  ( 16 min )

Shares of Paramount Global (PARA) slid 28% on May 4, 2023, as the company missed profit and revenue estimates and slashed its quarterly dividend.  ( 16 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 16 min )

Apple shares gained after a strong second-quarter earnings report, with a March record for iPhone sales, an all-time high for services revenue and a $90 billion stock buyback.  ( 16 min )

U.S. equities indexes moved lower on May 4, 2023, on renewed concerns about the strength of the banking sector.  ( 16 min )

The 30-year mortgage average gave up an eighth of a point, dropping it to its lowest level in almost three weeks. Other rates were down almost across the board.  ( 18 min )

529 plans are for education, and Roth IRAs are for retirement. But you can use either—or both—of these tax-advantaged plans to boost college savings.  ( 29 min )

The Dow drops more than 300 points led by a Disney dive on rival Paramount's poor advertising and streaming results.  ( 16 min )

A Coverdell education savings account is a trust that assists families with educational expenses.  ( 23 min )

A third-party administrator provides operational services such as claims processing and employee benefits management under contract to another company.  ( 23 min )

Sarah Bloom Raskin is an American attorney and regulator who has served both as the deputy secretary of the U.S. Treasury Department and as a governor of the Federal Reserve Board.  ( 22 min )

"Long term" refers to the extended period of time that an asset is held. Depending on the type of security, a long-term asset can be held for one year or many years.  ( 22 min )

A growth curve is a visual depiction of the growth of a phenomenon, with the x-axis typically representing time and the y-axis growth.  ( 21 min )

Unlimited liability is a type of business structure in which owners share responsibilities for the entire amount of debt and liabilities amassed by the business.  ( 23 min )

Risk control is a technique that utilizes findings from risk assessments within a company to reduce the risk found in these areas.  ( 26 min )

When Federal Reserve Chair Jerome Powell speaks, markets listen and move—even more so than they have to past Fed chairs.  ( 17 min )

Risk management is a form of insurance in itself for small business owners. Here are seven steps to implement a plan.  ( 19 min )

Margin is the money borrowed from a broker to purchase an investment and is the difference between the total value of the investment and the loan amount.  ( 29 min )

Shares of PacWest Bancorp, First Horizon and Western Alliance, down 46%, 34% and 30%, led a broader intra-day trading rout in the stocks of U.S. regional and mid-sized banks.  ( 18 min )

529 plans and permanent life insurance are two ways that parents can fund their kids' education. Here are the pros and cons of each.  ( 24 min )

The mode is a statistical term that refers to the most frequently occurring number found in a set of numbers.  ( 21 min )

CSCO is top for value while FTNT and VRSN are top for growth and momentum, respectively  ( 20 min )

These are the robotics stocks with the best value, fastest growth, and most momentum for Q2 2023.  ( 22 min )

The federal funds rate is the target interest rate set by the Fed at which commercial banks borrow and lend their extra reserves to one another overnight.  ( 25 min )

Contractors' all risks (CAR) insurance covers contractors for both damage to a property and third-party injury or damage claims throughout the construction period.  ( 20 min )

The application drop-off came as the average 30-year fixed rate fell five basis points to 6.5%, the first time rates have dropped in three weeks.  ( 17 min )

Websites and credit cards can offer you direct and indirect sources of free money to pay off your student loan.  ( 24 min )

Here are the pros and cons of paying cash for your house vs. using a mortgage.  ( 27 min )

These are the top 10 most heavily weighted stocks in the S&P 500 Index.  ( 25 min )

An investment advisory representative (IAR) is a professional who works for an investment advisory company.  ( 22 min )

Loans and lines of credit are both ways to borrow from lenders, but they differ in how they can be used and how they are paid off.  ( 25 min )

Use the lens of social responsibility to focus your search.  ( 23 min )

Is it possible to have more than one personal loan at once? Yes, it is. However, the number of personal loans you can have at once is limited by your lender.  ( 21 min )

Champion Iron, Reliance Steel, and Steel Dynamics lead the industry in revenue growth.  ( 20 min )

Berkshire Hathaway is expected to show higher revenues and net income at its latest annual meeting, as investors probe Buffett and Charlie Munger over regional banks.  ( 18 min )

It was the second straight quarterly decline in equity-rich homes across the U.S. following 10 consecutive quarterly gains.  ( 16 min )

A report indicating PacWest Bancorp has begun considering options including a possible sale, slashed 59% from the bank's market value in extended hours trading Wednesday.  ( 18 min )

PayPal's net income is expected to rise 53% after the company reined in costs during Q1 2023 amid a challenging economy.  ( 17 min )

PacWest shares fell over 40% in pre-market trading amid reports it's exploring options that include a sale, and the European Central Bank is expected to hike rates to curb inflation. Here’s what investors need to know today.  ( 17 min )

JPMorgan's First Republic Bank purchase includes loss-sharing deal with FDIC, similar to its 2008 acquisition of Bear Stearns.  ( 19 min )

Learn about the difference between two freight methods and how costs apply to them.  ( 21 min )

Vice President Kamala Harris will meet with the CEOs of Alphabet, Anthropic, Microsoft, and ChatGPT-maker OpenAI to talk about ways to mitigate risks of the new technology.  ( 16 min )

Understand how auto insurance companies value cars and learn why your insurance may not cover the cost of a similar vehicle.  ( 24 min )

A lock-up option is a stock option offered by a target company in a takeover battle to a white knight for some of the company's shares or best assets.  ( 19 min )

Often, we think of the client experience as what we provide to our clients in services, touchpoints and products.  ( 22 min )

Whether you want to become a financial advisor or need to hire one, here are five traits that most successful financial advisors have.  ( 22 min )

Apple's financial results came in above estimates in both revenue and earnings per share. The tech company reported on its second quarter Thursday afternoon.  ( 39 min )

Shares of Kenvue, the consumer health spinoff of Johnson & Johnson, jumped higher on May 4, 2023, their first day on the markets.  ( 17 min )

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(Bloomberg) -- Icahn Enterprises LP, under pressure from short seller Hindenburg Research, said it would pay a dividend of $2.00 per unit to investors, sending shares higher after market. Most Read from BloombergChina Takes the Yuan Global in Bid to Repel a Weaponized DollarZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinTD, First Horizon End $13 Billion Merger as Regulators StallBank Drama Rages On; Apple Climbs in Late Trading: Markets WrapPacWest Is Weighing Strategic Options, Inclu  ( 39 min )

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Apple shares gained after a strong second-quarter earnings report, with a March record for iPhone sales, an all-time high for services revenue and a $90 billion stock buyback.  ( 18 min )

Shares have faced headwinds since March after a critical report from a short-seller. The company's latest earnings were mixed, but could be enough to boost confidence.  ( 35 min )

Apple once again posted an, until now, rare revenue decline in its latest fiscal quarter, but said its overall business improved from the December quarter and sales of its iPhones were solid. The results reported Thursday were better than Wall Street's muted expectations and Apple's stock inched higher in after-hours trading. The latest numbers come after the Cupertino, California, company in February posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on its China factories curtailed sales of the latest iPhone during the holiday season.  ( 38 min )

In a quarterly earnings release, Apple announced (pdf) it would allow $90 billion in share buybacks this year, in line with last year’s figure, as the company continues to flex its financial muscle in the face of declining revenue.  ( 37 min )

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Warren Buffett bought Apple for the first time in 2016, years after "everyone" knew the company had a hit with the iPhone. Since then, Apple stock more than quintupled.  ( 40 min )

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Insiders at Zions Bancorp, U.S. Bancorp, and other bank bought up stock on the open market in late April and early May.  ( 39 min )

Momentum is growing to enact unlimited deposit insurance, even among anti-bailout free marketeers.  ( 43 min )

Regulators step in after PacWest and Western Alliance shares plunge as investors fear repeat of First Republic, SVB and Signature failures  ( 39 min )

Bausch Health Companies Inc (NYSE: BHC) reported Q1 FY23 revenues of $1.94 billion, up 1% Y/Y, up 4% organic basis, missing the consensus estimate of $1.97 billion. Revenues for Bausch Health (excl. B+L) was $1.01 billion, down 2%. Bausch + Lomb segment reported revenues were $931 million, +5%. Salix segment revenues were $496 million for Q1, compared with $464 million a year ago. Xifaxan, Relistor, and Trulance drove sales growth. The company reported an EPS loss of $(0.55), compared with $(0.1  ( 38 min )

Steel producer Cleveland-Cliffs has seen shares slide since early March. Chairman and CEO Lourenco Goncalves just bought $1.5 million of shares.  ( 34 min )

Costco members looking for a stylish Volvo electric vehicle will need to act fast for a big discount. The membership warehouse club is currently offering $2,500 off the price of new 2023 or 2024 Volvo XC40 Recharge and C40 Recharge SUVs. These two models are currently the only full EVs Volvo has on offer, and Costco members qualify for the discounts if they buy or lease.  ( 39 min )

IBM CEO Arvind Krishna appears to imagine a world of harmony between robots and workers, at least in his office.  ( 41 min )

Michel Dimitrios Doukeris, Anheuser-Busch InBev's (BUD) CEO, took a few minutes on Thursday's earnings call with investors to address the backlash the company is facing. Here's what he had to say.  ( 40 min )

(Bloomberg) -- One regional bank is a thorn in the side of the multibillion-dollar short trade against the sector. Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinTD, First Horizon End $13 Billion Merger as Regulators StallChina Takes the Yuan Global in Bid to Repel a Weaponized DollarPacWest Is Weighing Strategic Options, Including Possible SalePushback Against Powell’s Prognosis Comes Almost ImmediatelyTraders betting against shares of New York Community Banco  ( 39 min )

The timeless adage “buy low, sell high” has attracted countless people to participate in the stock market. But as many discover the hard way, the strategy is easier said than done. Stocks don’t always go up. Even though the S&P 500 is up 7% in 2023, it’s still down compared to where it was a year ago. The good news? You don’t have to actively trade stocks to make money. You can also collect dividends. By doing so, investors can bypass the stress and uncertainty associated with attempting to time  ( 40 min )

J&J's consumer brand spinoff debuts on the NYSE Thursday.  ( 40 min )

Bill Ackman, Nelson Peltz, and Jeffrey Gundlach all think the Fed is wrong about the banking system.  ( 40 min )

The involvement of Warren Buffett, who highly values dividend payers, has helped sustain Paramount’s stock through the streaming market’s reset.  ( 26 min )

Advanced Micro Devices, Inc (NASDAQ: AMD) shares are trading higher today for no specific company-related reasons. The chipmaker reported its upbeat first-quarter earnings, followed by weaker guidance that sparked a sell-off this week. AMD's first-quarter revenue came in at $5.35 billion, down 9% year-on-year, beating the consensus of $5.3 billion. The adjusted EPS of $0.60, down 47% Y/Y, beat the consensus of $0.56. CEO Lisa Su voiced its "big bet" on the generative AI boom, ensuring it has all  ( 38 min )

First-quarter earnings didn't reveal the financial impact of a boycott over social media influencer Dylan Mulvaney. It's guidance didn't either.  ( 36 min )

Johnson & Johnson's (NYSE: JNJ) consumer-healthcare business carve-out, Kenvue Inc, priced its upsized initial public offering of 172.8 million shares at $22.00 per share. The IPO values Kenvue at about $41 billion. The offering was priced at the higher end of the $20 to $23 targeted range, with about 10% more shares sold than planned. Kenvue has granted the underwriters an option to purchase up to 25.9 million shares. Kenvue's common stock has been approved for listing on the New York Stock Exc  ( 38 min )

The interest rate on Series I savings bonds bonds for the last six months has been an impressive 6.89%. But investors looking to jump into new issue bonds are in for a letdown. According to the Treasury, the rate for … Continue reading → The post The Big I Bond Letdown Comes With a Silver Lining appeared first on SmartAsset Blog.  ( 39 min )

The entertainment giant reports second-quarter results on Wednesday, May 10  ( 38 min )

On May 4, First Horizon announced that it and TD Bank had mutually agreed to terminate their $13.4 billion deal. Here's what First Horizon execs had to say about it on an investor call this morning.  ( 18 min )

TCW Group CEO Katie Koch thinks sentiment in the banking industry is riding a little too high right now as regional banks stumble.  ( 40 min )

(Bloomberg) -- Western Alliance Bancorp denied a report that it’s exploring strategic options including a possible sale of all or part of its business.Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinPacWest Is Weighing Strategic Options, Including Possible SaleTD, First Horizon End $13 Billion Merger as Regulators StallChina Takes the Yuan Global in Bid to Repel a Weaponized DollarPushback Against Powell’s Prognosis Comes Almost Immediately“This story is absolut  ( 39 min )

(Bloomberg) -- Crude markets have suffered a disastrous few weeks, dragged down by alarm over the wider economy. But real oil demand still looks strong enough to foster a rebound in prices. Most Read from BloombergChina Takes the Yuan Global in Bid to Repel a Weaponized DollarZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinTD, First Horizon End $13 Billion Merger as Regulators StallPacWest Is Weighing Strategic Options, Including Possible SaleBank Drama Rages On; Apple Climbs in Late T  ( 40 min )

Microsoft, Apple, Alphabet, and Meta Platforms stock have surged this year, but the rise hasn't lifted nearby boats, including components of Cathie Wood’s ARK Innovation ETF.  ( 38 min )

(Bloomberg) -- Rooftop solar companies SunPower Corp. and Sunrun Inc. posted higher-than-expected sales in the first-quarter as homeowners in California rushed to install panels before a cut in a key state solar subsidy. Now, customers will have a months-long wait for new installations. Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinPacWest Is Weighing Strategic Options, Including Possible SaleBanker Pay Surges For Those Willing to Work in Saudi ArabiaUS Looks  ( 39 min )

The Fed's aggressive interest rate hikes have eroded the value of bank assets such as government bonds and mortgage-backed securities.  ( 38 min )

Ride-sharing firm Lyft reported its Q1 earnings on Thursday.  ( 39 min )

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Many financial experts are talking up the prospect of a recession hitting this year and one legendary investor agrees with that line of thought. “We’re gonna have a hard landing and a bad recession in the U.S,” Stanley Druckenmiller has said, “probably sometime later this year.“ Druckenmiller now manages his investing affairs through his Duquesne Family Office, yet he had outsized success as a hedge fund manager for 30 years and is worth ~$6.4 billion. So, it’s definitely worth listening to his  ( 42 min )

Apple will report its Q2 earnings after the bell on Thursday, with Wall Street expecting revenue to fall nearly 5% year-over-year.  ( 39 min )

Anheuser-Busch said it would triple its U.S. marketing spending on the brand this summer after the turmoil dented sales.  ( 28 min )

The chipmakerhasn’t gotten a sustained lift from a beat-and-raise quarter. The CEO bought $250,000 worth of the stock.  ( 38 min )

Anheuser-Busch CEO Michel Doukeris distanced Bud Light from transgender influencer Dylan Mulvaney on an earnings call with investors Thursday, claiming Bud Light partnered with Mulvaney for "one post," not a campaign.  ( 39 min )

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Concerns at PacWest weighed on the regional banking sector on Thursday.  ( 39 min )

Block stock has faced headwinds since March after a critical report from a short-seller. Solid earnings could boost confidence in the fintech group.  ( 35 min )

The online furniture retailer said it expects to achieve a positive result in terms of adjusted Ebitda as soon as this quarter.  ( 35 min )

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US regional banks have been wracked by fears of contagion as PacWest attempted to calm investors after its shares plunged as much as 60pc overnight.  ( 40 min )

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If someone close to you has died, the last thing you may want to talk about is money. However, in order to honor their final wishes, you'll need to follow their will (if they left one) or potentially go to … Continue reading → The post How to Deposit a Large Cash Inheritance appeared first on SmartAsset Blog.  ( 40 min )

There's no shortage of budgeting and spending rules when it comes to personal finance. One says you shouldn't spend more than 30% of your monthly income on housing. Another says to always save 10% of your income. Don't take more … Continue reading → The post Are You Using the Golden Ratio of Finance? appeared first on SmartAsset Blog.  ( 39 min )

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I will be 72 years old on Feb. 10, 2023. I have a traditional individual retirement (IRA) account. Most of the money is tied in stocks, and the stocks this year are way down. If I sell to pay the … Continue reading → The post Ask an Advisor: When Taking RMDs, How Do I Avoid Locking in Losses? I'll Be 72 Years Old Soon, and My Stocks Are ‘Way Down' This Year appeared first on SmartAsset Blog.  ( 41 min )

A qualified income trust (or QIT) is a special form of trust designed to help people receive long-term care benefits under Medicaid. It is intended for people who make too much money to receive long-term or residential-care benefits under the … Continue reading → The post A Clever Strategy to Get Your Long-Term Care Costs Covered by Medicaid appeared first on SmartAsset Blog.  ( 41 min )

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Weight-loss drugs from companies such as Eli Lilly and Novo Nordisk are poised to become big sellers. It isn’t too late to invest.  ( 37 min )

PacWest and other regional banks plunged overnight on a wave of new pessimism about the industry  ( 43 min )

Apollo Global Management Inc (NYSE: APO) is reportedly close to taking Arconic Corporation (NYSE: ARNC) private in a roughly $3 billion deal. The deal is set to value Arconic at $30/share. Assuming the talks don’t fall apart at the last minute, the announcement to come by the time Arconic reports its results Thursday, Wall Street Journal reported citing people close to the matter. The industrial company, separated in 2016 from Alcoa Corp (NYSE: AA), has a hefty debt load of more than $1.5 billio  ( 38 min )

The media company said the charges are tied to a plan to remove certain programming as it combines streaming platforms. Shares fell more than 15% premarket.  ( 25 min )

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Wall Street had expected the e-commerce software company to post a fiscal first-quarter loss.  ( 43 min )

The exercise-equipment company said quarterly revenue declined 22% as demand for connected fitness equipment continued to fall.  ( 25 min )

PayPal's net income is expected to rise 53% after the company reined in costs during Q1 2023 amid a challenging economy.  ( 19 min )

Uncertainty continues to pummel the banking industry, despite assurances from financial regulators and bankers such as Jamie Dimon this week that the worst of the recent crisis is over and the health of the banking system remains strong. Bank shares have sold off on Wall Street this week following the government seizure and subsequent sale of First Republic Bank to JPMorgan. It was the second-largest bank failure in U.S. history and the third failure of a midsize lender in two months.  ( 43 min )

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The animal health provider maintained its guidance for full year 2023 after first quarter earnings beat expectations.  ( 42 min )

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Paramount Global reported quarterly earnings before the bell on Thursday. Here's what to know.  ( 41 min )

Paramount Global reported quarterly earnings before the bell on Thursday. Here's what to know.  ( 40 min )

Paramount Global reported quarterly earnings before the bell on Thursday. Here's what to know.  ( 40 min )

The companies said the decision was made after TD Bank considered that obtaining the regulatory prerequisites wasn’t certain.  ( 25 min )

The biotech reports first-quarter profit of 19 cents a share, beating estimates of a $1.75 loss. Moderna also reiterates its Covid-19 vaccine sales outlook.  ( 37 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

With a slowing global economy crimping demand, Moscow appears not to have followed through on pledges to ax output.  ( 26 min )

Employers think remote work is merely a benefit they can roll back in times of economic hardship–but there are deeper issues at stake.  ( 40 min )

The world’s largest brewer finally has another reason for making headlines besides its Bud Light marketing blunder: Stellar earnings.  ( 41 min )

(Bloomberg) -- After blowout results from Microsoft Corp. and Meta Platforms Inc. spurred huge rallies in their stocks, there are concerns the bar has been set too high for Apple Inc.Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinPacWest Is Weighing Strategic Options, Including Possible SaleBanker Pay Surges For Those Willing to Work in Saudi ArabiaUS Looks Past India’s Rights Record as China Worries DeepenChina Takes the Yuan Global in Bid to Repel a Weaponize  ( 40 min )

One of the most successful stock pickers of all time admitted years ago that he was “dead wrong” on an earlier oil-company investment. What’s changed for Berkshire Hathway?  ( 28 min )

The iPhone maker is expected to report that its sales declined as demand has waned for some of its products after reaching record levels during the pandemic.  ( 27 min )

Shell is to hand $12bn (£9.6bn) back to shareholders after posting a record quarterly profit of $9.7bn, triggering fresh calls for a bigger windfall tax on energy companies.  ( 39 min )

First-quarter earnings at Shell were $9.7 billion, slightly lower than the fourth quarter, but substantially higher than analysts' estimates of $8 billion.  ( 33 min )

PacWest shares plummeted by 50pc in after hours trading in New York amid talks of a rescue for the US regional bank.  ( 41 min )

Shares of the iPhone maker are up 31% this year, though Wall Street is forecasting another year-over-year sales decline in the latest quarter.  ( 34 min )

(Bloomberg) -- PacWest Bancorp said deposits have increased since March and confirmed it’s in talks with several potential investors, seeking to calm markets after a 60% stock rout that made it the new focal point of concern over the health of US regional lenders.Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinPacWest Is Weighing Strategic Options, Including Possible SaleBanker Pay Surges For Those Willing to Work in Saudi ArabiaUS Looks Past India’s Rights Reco  ( 39 min )

(Bloomberg) -- The rally in US Treasuries is set to accelerate as the world’s biggest economy slides toward a recession, analysts say.Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinPacWest Is Weighing Strategic Options, Including Possible SaleBanker Pay Surges For Those Willing to Work in Saudi ArabiaUS Looks Past India’s Rights Record as China Worries DeepenNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItBenchmark 10-year yields may fall to as  ( 39 min )

Coinbase is expected to report a first-quarter loss of $1.98 a share on Thursday, but many analysts are more focused on the regulatory backdrop.  ( 34 min )

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Weight-loss drugs from companies such as Eli Lilly and Novo Nordisk are poised to become big sellers. It isn’t too late to invest.  ( 37 min )

(Bloomberg) -- After a wave of selling over the last week it was little surprise when US crude futures opened lower on Thursday, but few traders were braced for the 7.2% plunge that unfolded in the first dramatic minutes of trading.Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinPacWest Is Weighing Strategic Options, Including Possible SaleBanker Pay Surges For Those Willing to Work in Saudi ArabiaUS Looks Past India’s Rights Record as China Worries DeepenNigeri  ( 39 min )

(Bloomberg) -- Within hours of the Federal Reserve’s latest policy decision, traders and commentators alike had started to challenge Chair Jerome Powell’s assessment of the economy.Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinPacWest Is Weighing Strategic Options, Including Possible SaleBanker Pay Surges For Those Willing to Work in Saudi ArabiaUS Looks Past India’s Rights Record as China Worries DeepenNigeria Targeted a UK Mansion; Its Next Leader’s Son Now  ( 40 min )

(Bloomberg) -- Oil sank to its lowest since 2021 as weak demand data from the US added to concerns that the global economy is set for a recession.Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItUS Looks Past India’s Rights Record as China Worries DeepenBanker Pay Surges For Those Willing to Work in Saudi ArabiaCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller ReportWest Texas Interm  ( 38 min )

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Another regional bank, PacWest Bancorp, is mulling a sale or other moves, according to Bloomberg. Raising capital and breaking up its businesses are other options.  ( 39 min )

(Bloomberg) -- Johnson & Johnson’s consumer health business Kenvue Inc. has priced its initial public offering at $22 per share, according to people familiar with the matter. Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItUS Looks Past India’s Rights Record as China Worries DeepenBanker Pay Surges For Those Willing to Work in Saudi ArabiaCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-S  ( 39 min )

The firms are set to pay $30 a share, or about $3 billion, for the industrial-parts manufacturer, according to people familiar with the matter.  ( 26 min )

Wednesday evening, Albemarle reported first-quarter adjusted earnings per share of $10.32 from sales of $2.6 billion. Wall Street was looking for $7 and $2.7 billion, respectively.  ( 34 min )

Shares of PacWest Bancorp, First Horizon and Western Alliance, down 46%, 34% and 30%, led a broader intra-day trading rout in the stocks of U.S. regional and mid-sized banks.  ( 1 min )

PacWest shares fell over 40% in pre-market trading amid reports it's exploring options that include a sale, and the European Central Bank is expected to hike rates to curb inflation. Here’s what investors need to know today.  ( 1 min )

Energieleveranciers hebben redelijke prijzen gevraagd voor gas en elektra in het eerste kwartaal van dit jaar. Dat concludeert de Autoriteit Consument & Markt (ACM) na onderzoek. Volgens de toezichthouder zijn de hoge energieprijzen het gevolg van de onstuimige markt en is er geen sprake van woekerprijzen.  ( 4 min )

Energieleveranciers hebben redelijke prijzen gevraagd voor gas en elektra in het eerste kwartaal van dit jaar. Dat concludeert de Autoriteit Consument & Markt (ACM) na onderzoek. Volgens de toezichthouder zijn de hoge energieprijzen het gevolg van de onstuimige markt en is er geen sprake van woekerprijzen.  ( 4 min )

De Europese Centrale Bank (ECB) heeft haar belangrijkste rentetarief opnieuw verhoogd. Belangrijkste doel is om de inflatie terug te brengen richting de 2 procent. Tot nu toe is de inflatie ondanks zes eerdere renteverhogingen hooguit gestabiliseerd.  ( 4 min )

Het duurt nog enkele dagen voordat alle winkels van Albert Heijn in ons land optimaal bevoorraad zijn. De werkzaamheden in de verschillende distributiecentra zijn opgestart. Vooral in het noordoosten en zuidwesten van het land is er gebrek aan verse en houdbare producten.  ( 3 min )

Honderden medewerkers van autofabrikant VDL Nedcar in het Limburgse Born zijn donderdagochtend opnieuw in staking gegaan. Onderhandelingen tussen de vakbonden en de directie van de fabriek liepen eerder deze week vast, waarna woensdag een wilde staking uitbrak.  ( 4 min )

Honderden medewerkers van autofabrikant VDL Nedcar in het Limburgse Born zijn donderdagochtend opnieuw in staking gegaan. Onderhandelingen tussen de vakbonden en de directie van de fabriek liepen eerder deze week vast, waarna woensdag een wilde staking uitbrak.  ( 4 min )

Dankzij vollere winkelmandjes en een efficiëntere logistiek is het verlies van Zalando in het eerste kwartaal van dit jaar gehalveerd. Vorig jaar zakten de winstcijfers van de online kledingwinkel in elkaar omdat de consument na corona weer steeds meer naar fysieke winkels ging.  ( 3 min )

De Finse krant Helsingin Sanomat omzeilt de Russische censuur via de populaire game Counter-Strike: Global Offensive (CS:GO). De krant heeft in het spel een wereld gebouwd waar Russische spelers in een geheime ruimte informatie over de oorlog in Oekraïne kunnen vinden.  ( 4 min )

De geschorste Strukton-bestuursvoorzitter Gerard Sanderink krijgt alvast een opvolger. Het bouwbedrijf heeft voormalig BAM-topman Rob van Wingerden aangesteld. Strukton voert een procedure om definitief van Sanderink af te komen.  ( 3 min )

Werknemers belonen als ze nieuwe collega's binnenhalen, nieuw personeel hoger in de loonschaal plaatsen: alles wordt door werkgevers uit de kast gehaald om personeel aan te trekken. Maar die extraatjes die nodig zijn in de strijd tegen hoog personeelsverloop, zorgen er tegelijkertijd ook voor dat werknemers sneller vertrekken.  ( 3 min )

Shell had in het eerste kwartaal van dit jaar te maken met lagere prijzen voor olie en gas dan vorig jaar. Toch zette de energiereus een winst in de boeken van maar liefst 9,6 miljard dollar (8,6 miljard euro). Een stijging van 6 procent ten opzichte van een jaar eerder.  ( 3 min )

Het ergste van de gascrisis lijkt achter ons te liggen. Zo zijn de prijzen flink gezakt na de extreme stijgingen van vorig jaar. Daarom is het internationaal energieagentschap IEA voorzichtig optimistisch over de toekomst. Wel zijn er nog onzekerheden die roet in het eten kunnen gooien.  ( 4 min )

Albert Heijn en vakbonden CNV en FNV gaan binnenkort weer met elkaar om tafel over een nieuwe cao voor medewerkers van distributiecentra. De stakingen die vorige week begonnen en elf dagen duurden, veroorzaakten veel lege schappen in de supermarkt.  ( 4 min )

"Rechtvaardig, uitvoerbaar en ambitieus." Die woorden omschrijven volgens klimaatminister Rob Jetten zijn pakket maatregelen om de CO2-uitstoot extra terug te dringen. Toch gaat maar een klein puntje van de subsidietaart naar mensen in (energie)armoede. Een flink deel gaat naar de industrie en naar waterstofproductie.  ( 7 min )

Albert Heijn en vakbonden CNV en FNV gaan binnenkort weer met elkaar om tafel over een nieuwe cao voor medewerkers van distributiecentra. De stakingen die vorige week begonnen veroorzaakten veel lege schappen in de supermarkt.  ( 3 min )

De Europese Centrale Bank verhoogt haar rente vandaag waarschijnlijk opnieuw. Dat zou de zevende keer in minder dan een jaar tijd zijn. De verhogingen moeten de inflatie beteugelen, maar doen op steeds meer manieren juist pijn.  ( 5 min )

"Rechtvaardig, uitvoerbaar en ambitieus." Die woorden omschrijven volgens klimaatminister Rob Jetten zijn pakket maatregelen om de CO2-uitstoot extra terug te dringen. Toch gaat maar een klein puntje van de subsidietaart naar mensen in (energie)armoede. Een flink deel gaat naar de industrie en naar waterstofproductie.  ( 7 min )

A report indicating PacWest Bancorp has begun considering options including a possible sale, slashed more than half of the bank's market value in extended hours trading Wednesday.  ( 1 min )

JPMorgan's First Republic Bank purchase includes loss-sharing deal with FDIC, similar to its 2008 acquisition of Bear Stearns.  ( 1 min )

U.S. equities were lower on May 3, 2023, as Fed policymakers raised interest rates but suggested that they might pause their tightening campaign.  ( 1 min )

The Federal Reserve is expected to raise interest rates for the 10th straight time to curb inflation. Here’s what investors need to know today.  ( 1 min )

Treasury Secretary Janet Yellen warned the U.S. could hit its debt limit sooner than expected, as early as June 1 if Congress doesn't act to raise the debt ceiling. Here’s what investors need to know today.  ( 1 min )

U.S. equities tumbled on May 2, 2023, ahead of the Fed decision on interest rates and amid concerns about banks.  ( 1 min )

(Bloomberg) -- China is putting the yuan front and center in its fight back against the US's unique influence over global money.Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItUS Looks Past India’s Rights Record as China Worries DeepenBanker Pay Surges For Those Willing to Work in Saudi ArabiaCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller ReportPresident Xi Jinping's government h  ( 43 min )

The mobile-phone chip maker is diversifying into new areas as its core market slows.  ( 25 min )

These are stocks moving in after-hours on Wednesday, May 3, 2023  ( 40 min )

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(Bloomberg) -- Western Alliance Bancorp and other US regional bank stocks sank in afterhours trading as PacWest Bancorp plunged following a report that it’s said to weigh strategic options including a sale.Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItUS Looks Past India’s Rights Record as China Worries DeepenCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller ReportBanker Pay Surge  ( 38 min )

The regional firm has been among the most volatile bank stock since the failure of Silicon Valley Bank triggered a deposit run.  ( 22 min )

Wednesday's interest rate hike was largely priced in. What the market wants to know is what the Fed will do next.  ( 41 min )

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(Bloomberg) -- Regional US banking stocks joined a broad market rally ahead of a Federal Reserve decision, easing Tuesday’s deep selloff after the failure of troubled lender First Republic Bank prompted investors to renew their scrutiny on the sector’s prospects. Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Attack Putin in KremlinNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller ReportUS Gives a ‘  ( 40 min )

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(Bloomberg) -- Hindenburg Research is targeting Carl Icahn’s investment firm as its latest victim, but short-sellers haven’t made much off the company’s $6.3 billion wipeout largely because Wall Street is so reluctant to bet against the billionaire.Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller ReportUS Looks Past India’s Rights Rec  ( 40 min )

My retirement savings were wiped out in market changes over the last couple of years. I am planning on working for about five more years. What investment suggestions do you have this late in the game? – Daniel Sorry to … Continue reading → The post Ask an Advisor: My Retirement Savings Were Wiped Out. How Can I Recoup My Recent Investment Losses This ‘Late in the Game?' appeared first on SmartAsset Blog.  ( 40 min )

Anheuser-Busch's first-quarter earnings won't reveal the financial impact of a boycott over social media influencer Dylan Mulvaney. But analysts will likely ask about it.  ( 23 min )

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(Bloomberg) -- Wall Street was stumped by the Federal Reserve on Wednesday. Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller ReportUS Looks Past India’s Rights Record as China Worries DeepenBanker Pay Surges For Those Willing to Work in Saudi ArabiaIn the statement accompanying its quarter-point interest rate hike, the central bank re  ( 40 min )

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Stocks gave up their gains in late afternoon trading, after Federal Reserve Chairman Jerome Powell said the central bank was unlikely to cut rates this year. Around 3:50 p.m. ET, the S&P 500 was down 0.2%, the Dow Jones Industrial Average was off 0.4%, and the Nasdaq Composite was up 0.2%. Prior t  ( 23 min )

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Add Porsche to the list of luxury automakers taking share and making bigger profits in a post-pandemic world.  ( 40 min )

There’s a good chance guidance was conservative.  ( 22 min )

Kansas-based investor Stewart Horejsi became a billionaire sensation with a rags-to-riches story that is the envy of many. See Next: Gamers Making Thousands Selling Gaming Skins And Assets: Gameflip's Bold Vision For The Future Of Gaming Commerce While most people believe that becoming a billionaire requires a lifetime of dedication, hard work and a stroke of luck, Horejsi's journey to the top was all thanks to one savvy investment that changed his life forever. Horejsi is now worth an estimated  ( 40 min )

It’s no secret that U.S. Sen. Bernie Sanders is not a fan of America’s billionaires. When CNN host Chris Wallace asked him whether he believed the government should “confiscate all the rest” once a person makes over $999 million, the senator’s answer was affirmative. “Fine, yes, I think people can make it on $999 million,” he said. “I think that they can survive just fine.” Sanders emphasized that his view that billionaires shouldn’t exist does not constitute a personal attack on any specific bi  ( 40 min )

NVIDIA Corp (NASDAQ: NVDA) shares are trading lower in sympathy with Advanced Micro Devices, Inc (NASDAQ: AMD), whose weak outlook sparked a selloff. AMD's first-quarter revenue came in at $5.35 billion, down 9% year-on-year, beating the consensus of $5.3 billion. The adjusted EPS of $0.60, down 47% Y/Y, beat the consensus of $0.56. AMD guided second-quarter revenue to $5.3 billion, plus or minus $300 million, which trailed the consensus estimate of $5.49 billion. Nvidia shares gained close to 9  ( 38 min )

Dave Ramsey, best-selling author and personal finance expert, has been teaching people how to build wealth since 1992. He’s the host of “The Ramsey Show,” a radio show and podcast with over 20 million listeners per week, and has appeared on more TV shows than you can count, including “Good Morning America,” “CBS Mornings,” “Today,” Fox News and CNN. Don’t Miss: Kevin O'Leary-Backed Startup Lets You Become a Venture Capitalist With $100 According to GOBankingRates, Ramsey is one of Money’s Most I  ( 39 min )

The Fed continues to push the federal funds rate higher to curb inflation, which has slowed but still poses an economic threat.  ( 41 min )

“Sell in May and go away” might be a well-known maxim telling investors to keep their distance from the stock market for a while during this time of year, but if a Bank of America prediction is about to play out, investors may want to consider re-entering the market before the hot season kicks off. That’s because BofA technical strategist Stephen Suttmeier thinks various technical indicators are signaling the stock market is readying to push higher by as much as 5% over the summer – that is, aft  ( 43 min )

The billionaire investors entered a bitter feud a decade ago when Ackman made a $1 billion bet against nutritional supplements company Herbalife.  ( 38 min )

Apple will reports its Q2 earnings on Thursday, and they could be good or bad news for the rests of the tech industry.  ( 40 min )

Why pick one factor or style of investing when you can have them all?  ( 44 min )

PacWest and Western Alliance rise Wednesday after plummeting Tuesday.  ( 41 min )

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The Federal Reserve latest policy decision on Wednesday could mark the end of its rate hiking campaign, the most aggressive from the central bank since the 1980s.  ( 38 min )

Here are key takeaways from the Federal Reserve's interest-rate decision and statement on Wednesday: Federal Open Market Committee raises benchmark rate by 25 basis points, as forecast, to target range of 5%-5.25%; omits prior language saying “some additional policy firming” may be warranted, suggesting Fed could pause at the next meeting Instead, FOMC will take into account various factors “in determining the extent to which additional policy firming may be appropriate” Inflation remains elevat  ( 37 min )

Daqo New Energy Corp. and First Solar Inc are among top alternative energy names this quarter.  ( 22 min )

While other automakers have balked at following Tesla's lead and cutting prices, Ford is rolling the dice on what could be a very risky gambit.  ( 42 min )

While other automakers have balked, Ford is rolling the dice on what could be a very risky gambit.  ( 41 min )

Pandemic-related shutdowns in Asia are hurting Estee Lauder, which relies heavily on travel retail in the region.  ( 40 min )

Unity Software Inc (NYSE: U) is amid its third and largest round of layoffs in the past year, joining the downsizing bandwagon. Unity is slashing roughly 600 jobs, about 8% of its workforce. Unity is also planning to reduce its global network of offices over the next few years to fewer than 30 from 58 today, the Wall Street Journal reports. The job cuts come after Unity let go more than 500 employees in two rounds of layoffs, one this January and another last June, as macro headwinds weigh. The  ( 38 min )

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CVS Health Corp's (NYSE: CVS) Q1 sales increased 11% Y/Y to $85.28 billion, beating the consensus of $80.95 billion. The company's pharmacy and consumer wellness segment saw revenue grow 12% to $25.88 billion, as increased prescription volumes and higher prices offset declining revenue from fewer Covid-19 vaccines and tests. Prescriptions filled increased by 2.5% on a 30-day equivalent basis, primarily driven by increased utilization and the impact of an elevated cough, cold & flu season, partia  ( 38 min )

Warren Buffett's Berkshire Hathaway keeps buying Occidental Petroleum shares. Investors are asking whether an outright acquisition could be next.  ( 42 min )

The Democratic senator raised concerns about the deal reigniting the “Too Big to Fail” problem.  ( 40 min )

(Bloomberg) -- Large hedge funds would have just three days to privately tell US regulators about extraordinary investment losses and major margin events under a new rule that’s set to be approved by the Securities and Exchange Commission. Most Read from BloombergNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller ReportWall Street Rattled by 15% Tumble in Pair of Banks: Markets WrapRussia Says It Foiled Kremlin Drone  ( 39 min )

(Bloomberg) -- The selloff in Icahn Enterprises LP triggered by a short report deepened on Wednesday, sending the stock to its lowest since December 2010. Most Read from BloombergRussia Says It Foiled Kremlin Drone Attack Aimed At PutinNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller ReportUS Gives a ‘Free Pass’ to India as Worry Over China Rivalry DeepensWall Street Rattled by 15% Tumble in Pair of Banks: Markets  ( 38 min )

U.S.-traded oil prices fell below $70 per barrel for the first time since March on Wednesday morning.  ( 22 min )

PacWest and Western Alliance rise Wednesday after plummeting Tuesday.  ( 41 min )

Pfizer Inc (NYSE: PFE) is reportedly looking to start selling its stake in Haleon plc (NYSE: HLN). In June last, the pharma giant announced its plans to exit the ownership interest in Haleon in a disciplined manner after the demerger. Pfizer's CFO, Dave Denton, told the Financial Times that it intends to offload that stake in a "slow and methodical" manner within months. Pfizer retained its 32% stake in Haleon. GSK Plc (NYSE: GSK) has up to 13.5% in Haleon, while GSK shareholders will own the re  ( 39 min )